Wait for a correction to buy EUR | 13 Septiembre 2022

13 Septiembre 2022, EUR/USD

Technical observation

Yesterday EUR did not decline as I has expected, instead it rose above the zone 1.0105-1.0090 with a big green candle and hit my stop-loss then rallied downwards , however, this bearish movement was sustained above the zone I mentioned earlier and as long as price remains above this zone I expect possible bullish movements of price. My advice, remain neutral and wait for a second correction to the zone mentioned above to pick long positions with you take profit at 0.9862 and stop-loss at 1.0014. In case of a clear break above the level 1.0347 continue long towards the resistance level 1.0613 after a pullback to the broken line.

Trade recommendation

Remain flat.

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.