Wait for a correction to sell EUR. | 03 Febrero 2020

03 Febrero 2020, EUR/USD

Technical observation

EUR did not break below the supportive line 1.0992; instead, it went up a big green candle. More bullish price rally towards the zone 1.1187-1.1175 is still expected. Wait for a correction to the zone mentioned above and a rejection within it to sell EUR with your take profit at 1.0992 and stop loss at 1.1252. If this take profit is hit and there’s a clear breakout below it with a big red candle, wait for a correction to it to confirm further bearish movement of price before you continue short with this pair. On the daily chart above, as long as price is contained below the resistance zone 1.1187-1.1175, only short positions can be recommended.

Trade recommendation

Wait for a correction to 1.1187-1.1175 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