still bullish towards 1.2009. | 12 Octubre 2020

12 Octubre 2020, EUR/USD

still bullish towards 1.2009.

Technical observation

EUR is still trading with an increasing bullish momentum above the zone 1.1744-1.1715. I expect this upwards movement to either continue to the resistance line 1.2009 followed by a clear breakout above it with a big green candle, or a rejection at 1.2009 followed by a retracement to the supportive zone mentioned above. My advice, if you bought EUR within 1.1744-1.1715 after a rejection, remain in the trade with your take profit at 1.2009 and stop loss at 1.1610. On the daily chart above, as long as price is contained above the zone 1.1744-1.1715, only bullish movements can be recommended.

Trade recommendation

Remain long with your take profit at 1.2009.

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