Pick short positions within the zone 1.0276-1.0268 | 05 Agosto 2022

05 Agosto 2022, EUR/USD

Technical observation

EUR is trading with an increasing bullish bias below the resistance zone 1.0276-1.0268 and I expect a continuation of this upwards movement to the zone I have mentioned above followed by a rejection within it. My advice, remain neutral temporarily and wait for a correction to the zone 1.0276-1.0268 then sell a bounce within it with your take profit at 1.0105 and stop-loss at 1.0357. If there is a clear break below the line 1.0105 with a big red candle, wait for a correction to it and a bounce before you continue short towards the supportive level 1.9952. I can only recommend bullish positions above the zone 1.0276-1.0268.

Trade recommendation

Pick short positions within the zone 1.0276-1.0268 with your take profit at 1.0105.

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