we are short | 19 Marzo 2021

19 Marzo 2021, EUR/USD

we are short

Technical observation

EUR declined up to the supportive zone it established at 1.1917-1.1913, it then penetrated below the zone with a big red candle. Price pulled back to the just broken zone and it was contained within it, right now it is trading with an increasing bearish bias within the same zone. I expect his downwards movement to continue to the supportive line 1.1835 followed by a bounce at it for another correction to the zone mentioned above. If you sold this pair within 1.1917-1.1913 after a bounce, remain short with your take profit at 1.1835 and stop loss at 1.1938.In case of a break below the line 1.1835, expect further bearish rally.

Trade recommendation

Remain short with your take profit at 1.1835.

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