Wait for a pullback to the zone 1.1370-1.1379 | 25 Noviembre 2021

25 Noviembre 2021, EUR/USD

Wait for a pullback to the zone 1.1370-1.1379

Technical observation

EUR is trading with an increasing bullish bias above the supportive level it established at 1.1186, I expect a continuation of this upwards movement to the resistance zone 1.1370-1.1379 followed by a rejection within it to short this pair with my take profit at 1.1186 and stop loss at 1.1446. On the 4 hour chart above, as long as price is contained below the zone I have mentioned above, I can only recommend bearish positions for this pair, in case of a penetration below the level 1.1186 with a big red candle, I expect EUR to surge further to the lower side. I can only recommend picking bullish positions above the zone 1.1370-1.1379.

Trade recommendation

Wait for a pullback to the zone 1.1370-1.1379 to sell EUR.

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.