Wait | 31 Marzo 2022

31 Marzo 2022, EUR/USD

Wait

Technical observation

Yesterday EUR did not decline as I had anticipated; however, it rose and broke above the resistance zone 1.1128-1.1114 with a big green candle then pulled back to it once. If the value of the pair above is contained above the zone 1.1128-1.1114 I expect it to ascend towards the upper resistance level 1.1382. My advice, wait for a second correction to the zone I have mentioned above to pick long positions with your take profit at 1.1382 and stop loss at 1.1043. Should there be a clear break above the zone 1.1383-1.1391 with a big green candle, you can expect further bullish movements towards 1.1615.

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.