We are short at 1.1120 | 18 Marzo 2022

18 Marzo 2022, EUR/USD

Technical observation

Yesterday the value of the pair on the daily chart above rose up to the resistance level 1.1120 as I had anticipated but it could not break above the line and as long as price remains below the same line, I expect a surge to the supportive level 1.0768. My advice, pick short positions now at 1.1120 with your take profit at 1.0768 and stop-loss at 1.1273. In case of a clear breakout below the level 1.0768 with a big red candle, I anticipate a further momentum of price after a correction to the broken line; on the other hand if price breaks above the line 1.1120, I expect it to ascend towards the resistance zone 1.1483-1.1461.

Trade recommendation

Sell EUR now at 1.1120 with your take profit at 1.0768

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.