We're long towards 1.1389 | 18 Junio 2020

18 Junio 2020, EUR/USD

Technical observation

On the chart above, price pulled back to the supportive zone it established around 1.1216-1.1204 but could not break below it and a contained. Currently EUR is trading with an increasing bullish momentum above the zone and I expect this upwards movement to continue to the resistance line 1.1389 followed by a possible breakout above it with a big green candle. If you bought this pair within the zone 1.1216-1.1204 after a bounce, remain long with your take profit at 1.1389 and stop loss at 1.1153. You can only anticipate bearish rally below the zone 1.1216-1.1204 towards the supportive key level 1.1041.

Trade recommendation

Remain bullish with your take profit at 1.1389.

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.