We're neutral | 16 Julio 2019

16 Julio 2019, EUR/USD

We're neutral

Technical observation

On the daily chart above price is trading between a zone 1.1425-1.1400 and a supportive level 1.1128, I expect either a rise to the zone and a bounce within it or a decline to the support followed by a clear penetration below it. In case of a correction to 1.1425-1.1400 wait for a rejection within it before you sell EUR with your take profit at 1.1128 and stop loss at 1.1536, and should there be a clear breach below 1.1128, wait for a retracement and a bounce at it before you sell this pair with your take profit at 1.0818 and stop loss at 1.1206. As long as EUR is below 1.1425-1.1400 only short positions may be recommended.

Trade recommendation

Remain neutral.

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