Wait for a retracement | 01 Agosto 2019

01 Agosto 2019, EUR/USD

Wait for a retracement

Technical observation

Yesterday EUR went down the supportive level 1.1128 with a big red candle as I had predicted and is still rallying below the just broken line on an increasing bearish momentum. I expect a correction to the line followed by a rejection at it for downwards movements of price towards the key line 1.0818. Wait for a correction to the line 1.1128 and a bounce at it to sell EUR with your take profit at 1.0818 and stop loss at 1.1210, in case of a breach below 1.0818 with a big red candle, further bearish movements towards the lower supportive level 1.0485 may be expected after a pullback to the broken line and a bounce at it.

Trade recommendation

Wait for a correction to 1.1128 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