Wait | 05 Abril 2021

05 Abril 2021, EUR/USD

Technical observation

On the weekly chart above, price is rallying steadily towards the supportive zone it established at 1.1642-1.1588; I expect a loss of this bearish movement within the same zone for a momentum to the upper side. My advice, remain short temporarily and wait for a bounce within the zone 1.1642-1.1588 to long this pair with your take profit at 1.2252 and stop loss at 1.1409. In case of a clear break out below the zone mentioned above, wait for a retracement to it before you pick short positions. As long as price is contained above 1.1642-1.1588, I can only recommend long positions for the pair on the weekly chart above.

Trade recommendation

Remain flat temporarily.

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.