Remain flat | 17 Marzo 2020

17 Marzo 2020, EUR/USD

Remain flat

Technical observation

For several days now, the pair on the daily chart above has been declining steadily towards a supportive zone 1.1111-1.1096. I still, expect more steady bearish movement to the zone followed by a possible penetration below it with a big red candle. In case there is a clear break below the zone, wait for a correction to it and a bounce to sell EUR with your take profit at 1.0897 and stop loss at 1.1173. Should there be no break below 1.1111-1.1096 but a bounce within it, wait for a correction to it to confirm a possible rise in price before you pick long positions with your take profit at the resistance line 1.1300.

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.