Remain long | 14 Diciembre 2020

14 Diciembre 2020, EUR/USD

Remain long

Technical observation

On the chart above, price is trading with an increasing bullish momentum above a supportive zone 1.2105-1.2100, I expect this upwards movement to continue to the resistance line 1.2161 followed by either a clear breakout above it with a big green candle, or bounce at it followed by another correction to the zone mentioned above. My advice, if you bought EUR within the supportive zone 1.2105-1.2100 after a bounce, remain long with your take profit at 1.2161 and stop loss at 1.2076. As it is on the chart above, I can only recommend bullish positions, you can only anticipate bearish rally below 1.2105-1.2100.

Trade recommendation

Remain long with your take profit at 1.2161.

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.