Expecting a surge to 1.0639 | 18 Noviembre 2022

18 Noviembre 2022, EUR/USD

Expecting a surge to 1.0639

Technical observation

EUR rose above the zone it established at 1.0286-1.0270 then pulled back to it twice and both times it was sustained above it, currently price is trading with an increasing bullish bias and I expect as long as it remains above the zone I mentioned earlier, I expect a further rally to the upper side. My advice, if you are currently holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 1.0639 and stop-loss at 1.0165. In case of a clear break above the level 1.0639, you can expect the value of EUR to plummet further to the upper side after a correction and a bounce at the broken line.

Trade recommendation

Remain long with your take profit at 1.0639.

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.