Wait for a correction to sell EUR. | 06 Junio 2019

06 Junio 2019, EUR/USD

Wait for a correction to sell EUR.

Technical observation

On the 4 hour chart above, price went above a resistance zone it established around 1.1257-1.1252 with then continued to rise, however, it could not be contained above the zone and ended up penetrating below it with a big red candle, right now it is retracing to the just broken zone and my expectation is rejection within it for bearish price rally towards the support 1.1172 and a possible breakout below it too for a further decline towards 1.1106.Wait for a correction to the zone 1.1257-1.1252 and a rejection within it to sell EUR with your take profit at 1.1172 and stop loss at 1.1277.Only short positions can be recommended.

Trade recommendation

Wait for a correction to 1.1257-1.1252 to sell EUR.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus