We're flat | 24 Septiembre 2020

24 Septiembre 2020, EUR/USD

Technical observation

Yesterday price continued to decline instead of rising towards the resistance zone 1.1774-1.1750 as expected. The anticipated bullish movement is a correction to the zone mentioned above followed by a rejection within it for bearish rally toward the supportive line 1.1453. My advice, remain neutral and wait for a correction to the zone 1.1774-1.1750 and a rejection within it to buy EUR with your take profit at 1.1453 and stop loss at 1.1845. Should there be a break below the line 1.1453 with a big red candle, wait for a retracement to it and a bounce confirming bearish momentum of EUR before you continue short towards 1.1150.

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.