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We are long towards 1.0936

We are long towards 1.0936 | 29 December 2022

29 December 2022, EUR/USD

Technical observation

EUR has been stagnating above the supportive level it established at 1.0582 and it is currently trading with an increasing bullish bias and as long as it is sustained above this level, I expect a continuation of this upwards movement. If you are currently holding bullish positions with the pair above, my advice is, remain in the trade with your take profit at 1.0936 and stop-loss at 1.0509. Should there be a clear break above the level 1.0936 with a big green candle, you can expect the value of the pair above to ascend further after a pullback to the broken line, on the chart above, I can only recommend short positions below the level 1.0582.

Trade recommendation

Remain long with your take profit at 1.0936.

Imelda Maseno
Analyst of «FreshForex» company
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