Wait | 10 Diciembre 2021

10 Diciembre 2021, EUR/USD

Wait

Technical observation

On the weekly chart above, price has been trading with an increasing bearish bias below the resistance zone 1.1511-1.1469; however, despite this bearish movement I expect momentum to the zone I have mentioned above and a bounce within it followed by a surge to the lower side. My advice, remain flat and wait for a retracement to the zone 1.1511-1.1469 then short this pair within it with your take profit at 1.0813 and stop loss at 1.1724. If price hit the level 1.0813 and there is a clear breakout below it with a big red candle, a further surge towards 1.0340 can be anticipated after a correction to the broken line.

Trade recommendation

Remain flat.

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.