Remain short | 29 Diciembre 2021

29 Diciembre 2021, EUR/USD

Remain short

Technical observation

On the daily chart above price retraced to the resistance zone 1.1327-1.1345 but could not break above it, instead it was rejected below the same zone and since then it has been trading with an increasing bearish bias. I expect further rally to the supportive level 1.0992 followed by a clear breakout below it with a big red candle and a further surge towards the level 1.0640. If you sold EUR within the zone mentioned above after a bounce, I would advise you remain short with your take profit at 1.0992 and stop loss at 1.1449. As it is on the chart above, I can only recommend bullish positions in case of a clear break above the zone 1.1327-1.1345.

Trade recommendation

Remain short with your take profit at 1.0992.

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.