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We are neutral.

We are neutral. | 07 September 2022

07 September 2022, EUR/USD

We are neutral.

Technical observation

EUR is trading with an increasing bearish bias above the supportive level 0.9862, however, I expect a loss of this downwards movement followed by a correction to the resistance zone price established at 1.0105-1.0090, I would recommend that you remain neutral and wait for a correction to the zone I have indicated above then pick short positions within it after a bounce with your take profit at 0.9862 and stop-loss at 1.0188, if there is a clear break below the level 0.9862 I expect further bearish movements of price after a pullback to the broken level, I can only recommend bullish positions above the zone 1.0105-1.0090.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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