We're flat | 25 Julio 2019

25 Julio 2019, EUR/USD

We're flat

Technical observation

On the daily chart above price is trading above a supportive level 1.1128. I expect a clear penetration below the line with a big red candle followed by a correction to it for a surge to the lower side towards the key line 1.0818. My advice, wait for a clear breakout below the line 1.1128 and a correction to it to sell EUR with your take profit at 1.0818 and stop loss at 1.1211, in case of a clear breakout below 1.0818, more bearish movements of this pair towards the key level 1.0485 can be expected. As long as price is contained below the resistance zone 1.1425-1.1400 only short positions look ideal and may be advisable.

Trade recommendation

Remain flat.

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