we are flat | 03 Noviembre 2022

03 Noviembre 2022, EUR/USD

we are flat

Technical observation

On the daily chart above price has been trading with an increasing bearish bias for the past five consecutive days and today I expect a continuation of this downwards movement towards the supportive level 0.9534, at this level price can either bounce at it or break below it with a big red candle. If there is a clear break below this level, wait for a correction to it and a bounce confirming a further surge to the lower side before you continue short with EUR, on the other hand, if there is a rejection of price at this level, wait for a pullback to the resistance zone 1.0367-1.0325 then sell a bounce within it with your take profit at the level 0.9534.

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