Wait for a correction to the zone 1.0934-1.0894 | 09 Junio 2022

09 Junio 2022, EUR/USD

Wait for a correction to the zone 1.0934-1.0894

Technical observation

On the 4 hour chart above price is trading with an increasing bullish bias slightly below the resistance zone 1.0934-1.0894, this upwards movement is a correction to the zone I have mentioned above and I expect price to rise to the same zone followed by a rejection within it to pick long positions with my take profit at 1.0357 and stop-loss at 1.1189. Further bearish movements can be anticipated in case of a clear break below the level 1.0357, on the other hand if price clearly breaks above the zone 1.0934-1.0894, I expect a correction to it and a bounce followed by a momentum towards the resistance level 1.1381 or even higher to 1.1962.

Trade recommendation

Wait for a correction to the zone 1.0934-1.0894 to sell EUR.

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