we are long towards 1.1239 | 27 Octubre 2021

27 Octubre 2021, EUR/USD

we are long towards 1.1239

Technical observation

This week I anticipated a surge in price to the upper side, however this weeks candle has been trading with an increasing bearish bias since the beginning of the week and there is a possibility of a further surge to the lower side. If you are currently neutral with this pair, remain flat and wait for a loss of this bearish rally within the supportive zone 1.1520-1.1469 to buy EUR with your take profit at 1.2248 and stop loss at 1.1239. In case you already picked long positions within the zone and you’re currently holding a long position, remain in the trade with your take profit at 1.1239. As long as price is contained above the zone 1.1520-1.1469, I can only recommend bullish positions for this pair.

Trade recommendation

Remain long with your take profit at 1.1239.

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.