Buy EUR within 1.1327-1.1321 | 05 Marzo 2019

05 Marzo 2019, EUR/USD

Buy EUR within 1.1327-1.1321

Technical observation

According to the hourly chart attached above, EUR is rallying on an increasing bullish momentum within a supportive zone it established around 1.1327-1.1321.On this chart i expect a rise to the key resistance level 1.1397 and a possible breakout above it for a further increase in price towards the highest level 1.1476 , but in case price fails to rise to 1.1397 and instead penetrates below 1.1321 then that could be an ideal place to look for possible sell orders towards the support 1.1249 after a correction to the just broken zone. Right now you can buy EUR within 1.1327-1.1321 with your take profit at 1.1397 and stop loss at 1.1306.

Trade recommendation

Buy EUR now within 1.1327-1.1321 with your take profit at 1.1397 and stop loss at 1.1306.

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.