We are neutral | 23 Febrero 2022

23 Febrero 2022, EUR/USD

We are neutral

Technical observation

On the daily chart above price is trading with an increasing bullish bias below the resistance zone 1.1483-1.1461, this upwards movement is correction to the zone I have mentioned above and I expect a loss of it within the zone to short this pair with my take profit at 1.1120 and stop loss at 1.1594. In case of a clear penetration below the level 1.1120 with a big red candle, I expect the value of this pair to plummet towards 1.0768 after a correction to the broken line, on the other hand should there be a clear breakout above the zone 1.1483-1.1461 with a big green candle, I expect a possible momentum to the upper side after a retracement to the broken zone.

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.