Wait for a correction to re-sell EUR | 29 Septiembre 2022

29 Septiembre 2022, EUR/USD

Wait for a correction to re-sell EUR

Technical observation

This week the value of the pair above has been trading with an increasing bullish bias and I still expect a further rally to the upper side for the remaining days of the week. The anticipated upwards movement is a pullback to the resistance zone price established at 1.0742-1.0696 and I expect a bounce within it to pick short positions. My advice, remain neutral and wait for a correction to the zone indicated above then sell a bounce within it with your take profit at 0.9536 and stop-loss at 1.1146. On the chart above, as long as price is sustained below the zone 1.0742-1.0696 I can only recommend bearish positions for EUR.

Trade recommendation

Wait for a correction to the zone 1.0742-1.0696.

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.