Remain neutral | 19 Febrero 2020

19 Febrero 2020, EUR/USD

Remain neutral

Technical observation

On the weekly chart above, EUR continues to rally with an increasing bearish momentum. I expect a clear penetration below the supportive level 1.0788 with a big red candle followed by a correction to it to pick short positions towards the lowest level 1.0335. If you previously sold this pair within the resistance zone 1.1181-1.1151 after a correction and a bounce within it, pick your profits at the level 1.0788, however, if you are not in a trade yet, remain neutral and wait for a breakout to sell EUR. Long positions may only be advisable above the resistance zone 1.1181-1.1151 towards the key level marked at 1.1496.

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.