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we are neutral

we are neutral | 27 April 2022

27 April 2022, EUR/USD

we are neutral

Technical observation

On the 4 hour chart above price declined up to a lower low of 1.0626 and today the value of this pair can rally further downwards or bounce at the level mentioned above and retrace towards the resistance level 1.0770. In case of a correction to the line 1.0770, sell this pair at it after a bounce with your take profit at 1.0626 and stop loss at 1.0847, and in case of a clear breakout below the line 1.0626, I would that you wait for a correction to it before you pick short positions. Right now as it is on the chart above, remaining neutral is ideal than picking any positions. I can only recommend bullish positions above the zone 1.0943-1.0927.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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