Remain neutral | 15 October 2020

15 October 2020, EUR/USD

Remain neutral

Technical observation

EUR is trading between a supportive line 1.1726 and a resistance zone 1.1779-1.1775. I expect either a rise to the resistance zone followed by a rejection within it for bearish movements of price or, a decline to the supportive level mentioned above followed by a clear breakout below it for a surge to the lower side. My advice, remain flat and wait for either a correction to the zone 1.1779-1.1775, or a clear break below the line 1.1726. You can sell this pair within the zone mentioned above in case of arise to it and a bounce within it. As it is on the chart above, only bearish movements looks ideal.

Trade recommendation

Remain flat.

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