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Remain flat

Remain flat | 23 Enero 2020

23 Enero 2020, EUR/USD

Technical observation

Yesterday EUR went up but did not rise for a long time, with price still around the trend line as indicated on the daily chart above; I expect either a clear penetration below the line with a big red candle or a rise to the resistance zone 1.1187-1.1175. In case of a clear breakout below the trend line seen on the chart above, wait for a retracement to it before you sell EUR, and in case there is no penetration below the line but a correction to 1.1187-1.1175, you can sell EUR within the zone. Right now if you are not in any trade, remain neutral and wait for either a breakout or a correction to sell this pair.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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