We're flat | 09 Abril 2021

09 Abril 2021, EUR/USD

We're flat

Technical observation

EUR is trading below a resistance zone 1.2011-1.1965 with an increasing bullish bias, this bullish movement is a correction to the zone mentioned above and I expect a bounce within the same zone for a possible a rally to the supportive level 1.1632. My advice, remain flat temporarily and wait for a correction to the zone 1.2011-1.1965 and a rejection within it to sell EUR with your take profit at 1.1632 and stop loss at 1.2139. Should there be a clear breakout below the supportive level 1.1632 with a big red candle, you can anticipate a further momentum to the lower side towards the supportive level 1.1172.

Trade recommendation

Remain neutral.

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