Wait | 07 Septiembre 2021

07 Septiembre 2021, EUR/USD

Wait

Technical observation

On the chart above, price is trading within an increasing bullish bias below the resistance zone 1.1961-1.1940, my expectation is a continuation of this upwards movement to the zone I have mentioned above followed by a bounce within it for a rally to the lower side. My advice, remain neutral temporarily and wait for a bounce within the resistance zone 1.1961-1.1940 to sell EUR with your take profit at 1.1626 and stop loss at 1.2026. If price is not contained below the same zone and instead it clearly breaks above it with a big green candle, wait for a correction to the just broken zone and a rejection within it before you buy EUR.

Trade recommendation

Remain neutral 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.