Wait | 22 Abril 2022

22 Abril 2022, EUR/USD

Wait

Technical observation

On the weekly chart above price opened bullish at the beginning of the week and I expect it to close green. I also anticipate a continuation of this upwards movement to the resistance zone 1.1541-1.1495 followed by a rejection within it to re-sell EUR with my take profit still at 1.0702 and stop loss at 1.1759. However, In case price is not sustained below the zone I mentioned above but clearly breaks above it with a big green candle, wait for a correction to the broken zone and rejection within it before you pick long positions towards 1.2257. As long as EUR is sustained below the zone 1.1541-1.1495, I can only recommend short positions.

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