We're flat | 03 Agosto 2020

03 Agosto 2020, EUR/USD

We're flat

Technical observation

EUR is trading with an increasing bullish momentum above a supportive zone 1.1513-1.1459 it recently penetrated above with a big green candle. I expect a pullback to the supportive zone followed by a rejection within it for bullish movements of price towards the key level 1.2463. My advice, remain flat and wait for a correction to the zone 1.1513-1.1459 and a rejection within it to buy EUR with your take profit at 1.2463 and stop loss at 1.1296. On the weekly chart above, as long as price is contained above the zone 1.1513-1.1459 we can only expect upwards movements of this pair.

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.