Expecting a surge to 0.9988 | 04 Agosto 2022

04 Agosto 2022, EUR/USD

Technical observation

EUR retraced to the resistance zone it established at 1.0269-1.0286 but could not break above it, instead it bounced within the same zone and since then it has been trading with an increasing bearish bias. If you picked short position within the zone I have mentioned above after a bounce, remain in the trade with your take profit at 0.9988 and stop-loss at 1.0397. In case of a clear break below the level 0.9988 with a big red candle continue short after a correction to the broken line and a rejection at it. I can only recommend bullish positions towards the level 1.0597 in case of a clear break above the zone 1.0269-1.0286.

Trade recommendation

Remain short positions with your take profit at 0.9988.

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