Wait for a correction to buy EUR | 02 Septiembre 2021

02 Septiembre 2021, EUR/USD

Wait for a correction to buy EUR

Technical observation

EUR I trading between a supportive zone 1.1775-1.1768 and a resistance level 1.1877 with an increasing bearish bias. This bearish movement is a retracement to the zone I have mentioned above and I expect a loss of it within the same zone for a rally to the upper side. My advice, remain neutral and wait for a correction to the zone 1.1755-1.1768 and buy a bounce within it with your take profit at 1.1877 and stop loss at 1.1734. In case of a clear breakout above the line 1.1877 with a big green candle, wait for a pullback to it and a rejection at it confirming a further surge to the upper side before you continue long with this pair.

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