Looking to sell within 1.0110-1.0091 | 01 Septiembre 2022

01 Septiembre 2022, EUR/USD

Technical observation

EUR is trading with an increasing bullish bias below the resistance zone it established at 1.0110-1.0091 and I expect a continuation of this upwards movement to the same zone followed by a rejection within it to pick short positions with my take profit at 0.9898 and stop-loss at 1.0171. If price clearly breaks below the supportive level 0.9898, I expect it to plummet further after a pullback to the broken line, however, if there is a clear breakout above the zone I mentioned earlier, I anticipate possible upwards movement of price and the key levels to look for on your way upwards include 1.0368, 1.0613 and the key level 1.0934.

Trade recommendation

Wait for a correction to the zone 1.0110-1.0091 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