We're flat | 23 Marzo 2020

23 Marzo 2020, EUR/USD

Technical observation

Last week this pair declined and closed just above the supportive zone 1.0557-1.0331. This week a possible clear breakout below the zone can be anticipated followed by a retracement to it. However, In case there’s no breach below 1.0557-1.0331, a correction to the zone 1.1506-1.1457 can be expected. My advice, remain flat and wait for either a clear breakout below the supportive zone 1.0557-1.0331 followed by a correction to it to sell EUR, or, a correction to the resistance zone 1.1506-1.1457 followed by a bounce within it to pick short positions with your take profit at 1.0557 and stop loss at 1.1760.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus