Remain short towards 1.1214. | 06 Febrero 2019

06 Febrero 2019, EUR/USD

Remain short towards 1.1214.

Technical observation

For the past two days, EUR has been moving on an increasing bearish momentum and i still expect more of this movement towards the support 1.1216 and a possible breach below it for a further decline in price. In case you sold this pair within the resistance zone 1.1506-1.1473 you can hold on to that position with your take profit at 1.1216 and stop loss at 1.1622.As long as EUR is contained below the zone 1.1506-1.1473 only short positions look ideal and may be recommended. Long positions may only be advisable should there be a clear penetration above 1.1506-1.1473 with a big green candle followed by a pullback to it and a bounce within it.

Trade recommendation

Remain short towards 1.1214.

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.