Wait | 13 Abril 2020

13 Abril 2020, EUR/USD

Technical observation

EUR is still trading above the level 1.0897 it recently penetrated above and a correction to the just broken line followed by a bounce at it can be expected. Wait for a retracement to the line 1.0897 and a bounce at it to buy EUR with your take profit at 1.1113 and stop loss at 1.0814. In case this take profit is hit and there’s a clear breakout above it with a big green candle, continue long with this pair after a pullback to the just broken zone followed by a bounce within it confirming further bullish movements of price. On the daily chart above, only bullish movements look ideal and may be advisable.

Trade recommendation

Wait for a retracement to buy EUR.

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.