Sell EUR within the zone 1.0991-1.0934 | 23 March 2023

23 March 2023, EUR/USD

Sell EUR within the zone 1.0991-1.0934

Technical observation

On the chart above the price has been trading with an increasing bullish bias for several days now and it is currently trading with an upward momentum slightly below the resistance zone 1.0991-1.0934, I expect a continuation of this upwards movement to the zone I have mentioned above followed by a possible rejection within it. My advice, place a pending sell limit order within the zone I have indicated above with your take profit at 1.0201 and stop-loss at 1.1222. If there is a clear penetration below the level 1.0201, wait for a correction to the broken line before you continue short with this pair towards the level 0.9532.

Trade recommendation

Sell EUR within the zone 1.0991-1.0934 with your take profit at 1.0201.

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