Wait | 25 Enero 2023

25 Enero 2023, EUR/USD

Wait

Technical observation

EUR is trading with an increasing bullish bias between the supportive zone 1.0694-1.0711 and a resistance level 1.1064, my expectation is a loss of this upwards movement followed by a correction to the zone I have mentioned above and a rejection of price within it. My advice, remain neutral and wait for a correction to the zone indicated above then buy a bounce within it with your take profit at 1.1064 and stop-loss at 1.0623. If there is a clear break above the level 1.1064 with a big green candle, I expect the value of this pair to surge further to the upper side on the other hand, a rally to the lower side is expected in case of a break below the zone 1.0694-1.0711 .

Trade recommendation

Remain flat.

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.