Remain neutral | 26 Agosto 2020

26 Agosto 2020, EUR/USD

Remain neutral

Technical observation

The general trend for the pair on the 4-hour chart above is upwards. Currently the value of this pair is rallying between a supportive zone 1.1725-1.1712 and a key resistance line 1.1896. My expectation is either a decline to the zone 1.1725-1.1712 followed by a rejection within it or a clear breach below it with a big red candle, or, a rise to the line 1.1896 followed by a clear breakout above it with a big green. If you are currently neutral with this pair, remain so and wait for either a decline to 1.1725-1.1712 and a bounce to buy EUR or a break above 1.1896 to buy EUR. Sell EUR below the zone 1.1725-1.1712.

Trade recommendation

Remain neutral.

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.