Wait | 25 July 2022

25 July 2022, EUR/USD

Wait

Technical observation

On the daily chart above price has been trading with an increasing bullish bias and my expectation is a continuation of this upwards movement to the resistance zone 1.0781-1.0741 followed by a rejection within it to pick short positions with my take profit at the level 1.0015 and stop-loss at 1.0983. In case there is a clear break below the level 1.0015 with a big red candle I expect the value of the pair above to descend after a pullback to just broken line. On the other hand if there is a clear break above the zone 1.0781-1.0741, I expect price to surge towards the resistance level 1.1456 or even higher to the key level 1.1940.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus