Wait for a correction to re-buy EUR | 02 Septiembre 2020

02 Septiembre 2020, EUR/USD

Wait for a correction to re-buy EUR

Technical observation

On the daily chart above, EUR did not break above the line 1.1989; price bounced at it and is currently trading with an increasing bearish momentum. This bearish rally is a correction to the supportive zone indicated on the chart above at 1.1716-1.1689 and I expect a rejection of it within the zone for bullish movements of price towards the key lien 1.1989. My advice, wait for a correction to the zone, 1.1716-1.1689 and a rejection at it to re-buy EUR with your take profit at 1.1989 and stop loss at 1.1588. Short positions can only be recommended below1.1716-1.1689 towards 1.1424.

Trade recommendation

Wait for a correction to 1.1716-1.1689 to re-buy EUR.

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.