Remain long | 28 Diciembre 2020

28 Diciembre 2020, EUR/USD

Remain long

Technical observation

Last week EUR went down but did not break below the zone 1.2148-1.2108, it bounced within it and is currently trading with an increasing bullish momentum. I expect this upwards movement to continue to the resistance line 1.2804 followed by either a clear breakout above it with a big green candle, or a bounce at it followed by a retracement to the supportive zone mentioned above. If you bought EUR within the zone 1.2148-1.2108after a bounce, remain long with your take profit at 1.2804 and stop loss at 1.1953. On the weekly chart above, only bullish positions look ideal and can be recommended.

Trade recommendation

Remain long with your take profit at 1.2804.

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.