Buy a bounce within 1.1734-1.1712 | 12 Agosto 2020

12 Agosto 2020, EUR/USD

Technical observation

EUR is trading above a supportive zone 1.1734-1.1712 with an increasing bearish momentum; my expectation is a bounce within the zone mentioned above for possible bullish movements of price. My advice, buy a bounce within the zone 1.1734-1.1712 with your take profit at 1.1791 and stop loss at 1.1593. In case there is no rejection within 1.1734-1.1712 but a clear breakout below it with a big red candle, wait for a correction to the just broken zone and rejection within before you sell EUR. However, as long a price is contained above the zone 1.1734-1.1712, only bullish movements can be anticipated.

Trade recommendation

Buy a bounce within 1.1734-1.1712 with your take profit at 1.1719.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus