Remain flat | 04 Septiembre 2020

04 Septiembre 2020, EUR/USD

Technical observation

EUR is trading with an increasing bullish momentum below a resistance line 1.1917. I expect thus upwards movement to continue to the line mentioned above followed by a clear bounce at it for bearish price rally towards the supportive zone 1.1725-1.1712. My advice, remain flat and wait for a correction to the line 1.1917 and a rejection at it to sell EUR with your take profit at 1.1725 and stop loss at 1.1899. In case there is a clear breakout below the zone 1.1725-1.1712 with a big red candle, I expect a surge to the lower side towards 1.1517 after a correction to the just broken zone and a rejection within it.

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.