Remain flat | 21 January 2019

21 January 2019, EUR/USD

Remain flat

Technical observation

On the daily chart above, EUR broke above a key resistance zone 1.1475-1.1453 with a big green candle but could not be contained above it and so it broke below it before rally down for several days, currently it is moving on an increasing bullish momentum and I expect a loss of this movement within the above mentioned zone for possible bearish price rally towards the support 1.1216. You can remain flat and wait for the pullback to 1.1475-1.1453 and a rejection within it to sell EUR with your take profit at 1.1216 and stop loss at 1.1570.Long positions may only be recommended above 1.1475-1.1453 in case a breach above it followed by a correction to it.

Trade recommendation

Remain flat.

BECOME FRESHFOREX ANALYST!

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