Wait | 31 Octubre 2022

31 Octubre 2022, EUR/USD

Wait

Technical observation

On the chart above, price is trading with an increasing bearish bias between the supportive level 0.9596 and the resistance zone 1.0367-1.0325 and I expect a loss of this downwards movement followed by a correction to the zone I have mentioned above. My advice, remain flat and wait for a pullback to the zone indicated above then sell a bounce within it with your take profit at 0.9596 and stop-loss at 1.0613. If there is a clear break below the level 0.9596 with a big red candle, I expect the value if this pair to descend further after a pullback to the broken line and a rejection at it. I can only recommend bullish positions above the zone 1.0367-1.0325.

Trade recommendation

Remain neutral.

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