Wait | 02 Junio 2021

02 Junio 2021, EUR/USD

Wait

Technical observation

On the weekly chart above, price is trading with an increasing bullish bias at the resistance level 1.2248; I expect either a clear breakout above the line with a big green candle, or a bounce at it followed by another pullback to the supportive zone 1.1605-1.1571. In case of a clear breakout above the line 1.2248 wait for a correction to it and a bounce confirming further bullish movements of price before you continue long with this pair. However, if there is a bounce at the level and a correction to the supportive zone I have mentioned above, wait for a rejection within it before you buy EUR within it with your take profit at 1.2248 and stop loss at 1.1411.

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