Remain flat. | 03 Diciembre 2018

03 Diciembre 2018, EUR/USD

Remain flat.

Technical observation

EUR is declining towards the support 1.1214 and I expect either a rejection at it followed by a correction to 1.1535 to sell EUR, or a clear breakout below the support followed by a correction to it for bearish price rally. I’ll remain neutral now and wait for either a correction to 1.1535 or a breakout below 1.1214 to sell this pair. Should there be a clear breach above 1.1535 with a big green candle, you can still short this pair within the resistance zone 1.1840-1.1799.As long as sellers contain EUR below 1.1840-1.1799, only short positions may be recommended .Bullish price rally may only be anticipated above 1.1840-1.1799.

Trade recommendation

Remain flat.

Be the first to get $5 for participation in the webinar 8.30 GMT!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.