Remain neutral | 15 Octubre 2020

15 Octubre 2020, EUR/USD

Remain neutral

Technical observation

EUR is trading between a supportive line 1.1726 and a resistance zone 1.1779-1.1775. I expect either a rise to the resistance zone followed by a rejection within it for bearish movements of price or, a decline to the supportive level mentioned above followed by a clear breakout below it for a surge to the lower side. My advice, remain flat and wait for either a correction to the zone 1.1779-1.1775, or a clear break below the line 1.1726. You can sell this pair within the zone mentioned above in case of arise to it and a bounce within it. As it is on the chart above, only bearish movements looks ideal.

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.