Wait for a pullback to buy EUR | 30 Enero 2023

30 Enero 2023, EUR/USD

Wait for a pullback to buy EUR

Technical observation

EUR has been trading with an increasing bullish bias since it bounced within the supportive zone 1.0410-1.0372, but with the last two consecutive candles it declined to the lower side, this bearish movement is a slight correction to the zone I have mentioned above and my expectation is a rally to the level 1.1123. At the resistance level 1.1123 I expect either a clear break above it with a big green candle or a rejection of price at it, in case of a break above the level I have indicated above, wait for a correction to it before you continue long with this pair, and should there be a bounce at the same level, wait for a pullback to the zone 1.0410-1.0372 to buy EUR.

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