We are flat temporarily | 18 Enero 2022

18 Enero 2022, EUR/USD

We are flat temporarily

Technical observation

The pair on the chart above is trading with an increasing bearish bias above the supportive zone it established at 1.1398-1.1387, I expect a continuation of this downwards movement to the same zone followed by a rejection within it to buy this pair with my take profit at 1.1511 and stop loss at 1.1352. In case of a clear break above the level 1.1511 with a big green candle, I expect a further surge towards the upper key level 1.1658. On the other hand, should there be a clear breakout below the zone mentioned above with a big red candle; I expect possible bearish movements of price after a correction to the broken zone and a rejection within it.

Trade recommendation

Remain neutral.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus