Remain short towards 1.0754 | 27 May 2020

27 May 2020, EUR/USD

Remain short towards 1.0754

Technical observation

Yesterday EUR went up with a big green candle but bounced at the resistance zone 1.0987-1.0974 and is currently trading with an increasing bearish momentum. I expect this bearish rally to continue to the supportive level 1.0754 followed by a clear penetration below it for further downwards movements. If you sold EUR within the above-mentioned zone after a rejection, remain short with your take profit at 1.0785 and stop loss at 1.1058. As long as price is contained below the zone 1.0985-1.0974, we can only anticipate bearish movements of price. Long positions can only be recommended above 1.0985-1.0974.

Trade recommendation

We are short with take profit at 1.0754.

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.