We are neutral. | 09 Noviembre 2022

09 Noviembre 2022, EUR/USD

Technical observation

On the 4 hour chart above price rose above the zone 1.0034-1.0050 with a big green candle and since then it has been trading with an increasing bearish bias, this downwards movement is a pullback to the zone indicated above and I expect a possible rejection of price within it, however, I recommend that you remain neutral and pick bullish positions only after a second retracement and a rejection of price within the zone I mentioned earlier. If there is clear break above the level 1.0366, I expect the value of EUR to ascend further on the other hand in case price is not sustained above the zone 1.0034-1.0050; I expect it to plummet towards the level 0.9737.

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