We are neutral temporarily | 22 Noviembre 2022

22 Noviembre 2022, EUR/USD

We are neutral temporarily

Technical observation

On the hourly chart above price is trading with an increasing bearish bias slightly above the supportive zone 1.0224-1.0209 and my expectation is a decline to this zone followed by either a rejection of price within it or a clear break below it with a big red candle. In case of a bounce within this zone, pick bullish positions with your take profit at 1.0480 and stop-loss at 1.0141, and if there is a clear break below the same zone with a big red candle, wait for a correction and rejection of price to the just broken zone before you pick short positions towards the supportive level 0.9943 or even lower to the key level 0.9728.

Trade recommendation

Remain neutral temporarily.

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