We're flat | 07 Abril 2020

07 Abril 2020, EUR/USD

Technical observation

On the daily chart above, price is pulling back to a key level 1.0897 it recently penetrated below with a big red candle. I expect a rejection of this upwards movement at the level for bearish rally. You can sell this pair at the level 1.0897 after a bounce with your take profit at 1.0660 and stop loss at 1.0965. In case price is not rejected at the level 1.0897 and instead penetrates above it with a big green candle, wait for a correction to the just broken level and a rejection at it to confirm possible bullish rally before you pick long positions. Right now, remain neutral and wait for a correction to trade EUR.

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.