We are neutral. | 19 Julio 2022

19 Julio 2022, EUR/USD

We are neutral.

Technical observation

EUR is trading with an increasing bullish bias above a supportive level 1.0015, this upwards movement is a correction to the resistance zone it established at 1.0781-1.0741 and I expect a rejection within it to pick short positions with my take profit at 1.0015 and stop-loss at 1.0983. If price clearly penetrates below the level 1.0015 with a big red candle, continue short with the pair above after a correction to the broken line, however, in case of a clear break above the zone 1.0781-1.0741, I anticipate possible bullish movements of price towards the resistance level 1.1456 or even higher to the levels 1.1940 and 1.2346.

Trade recommendation

Wait for a correction to the zone 1.0781-1.0741 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.