Remain flat. | 07 Noviembre 2022

07 Noviembre 2022, EUR/USD

Remain flat.

Technical observation

On the daily chart above price is trading with an increasing bullish bias slightly above the supportive level 0.9596, this upwards movement is a correction to the zone 1.0367-1.0325 and my expectation is either a rejection of price within this zone or a clear break above it with a big green candle. If there is a bounce within this zone, pick short positions within it with your take profit at 0.9596 and stop-loss at 1.0618, on the other hand, in case of a clear break above the zone with a big green candle, wait for a pullback and bounce at it confirming a possible surge to the other side before you pick long positions towards the level 1.1122.

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.