Wait | 06 Febrero 2020

06 Febrero 2020, EUR/USD

Wait

Technical observation

EUR declined steadily to the supportive level 1.0992 and is currently trading at it. I expect either a clear breakout below the line with a big red candle or a bounce at it followed by a retracement to the resistance line 1.1095. If you sold this pair at the line 1.1095, pick your profits now at 1.0992. However, if you are currently flat, remain so and wait for either a clear penetration below 1.0992 or a correction to the line 1.1095 to pick short positions. On the daily chart above, as long as price is contained below the resistance zone 1.1226-1.1214, only short positions look ideal and can be recommended.

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.