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Buy EUR at the level 1.1066

Buy EUR at the level 1.1066 | 25 July 2023

25 July 2023, EUR/USD

Buy EUR at the level 1.1066

Technical observation

EUR is pulling back to the supportive level 1.1066 and I expect a rejection at it followed by a possible surge to the upper side. My advice, pick bullish positions right now at the level 1.1066 with your take profit at 1.1276 and stop-loss at 1.0979, if there is a clear break above the level 1.1066, I expect a pullback to the broken line and a rejection at it followed by a further surge to the upper side, however, if there is a penetration below the level 1.1066, short EUR after a retracement to the broken line, on your way downwards the key levels to look for include; 1.0842-1.0829, 1.0515, 1.0154.

Trade recommendation

Buy EUR at the level 1.1066 with your take profit at 1.1276.

Imelda Maseno
Analyst of «FreshForex» company
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