Pick long positions within 1.0928 | 02 Junio 2022

02 Junio 2022, EUR/USD

Pick long positions within 1.0928

Technical observation

EUR retraced to the supportive zone it established at 1.0657-1.0641 but could not break below it, instead, it bounced within the same zone and for the past hour price has been trading with an increasing bullish bias. I expect a continuation of this upwards movement towards the resistance level 1.0928 followed by a either a clear break above it or a bounce at it. If you picked long positions within the zone I have indicated above after a bounce, remain in the trade with your take profit at 1.0928 and stop-loss at 1.0531. I can only recommend bearish positions in case of a clear penetration below the zone 1.0657-1.0641.

Trade recommendation

Remain long with your take profit at 1.0928.

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