Looking to buy within 1.0410-1.0372 | 16 Febrero 2023

16 Febrero 2023, EUR/USD

Looking to buy within 1.0410-1.0372

Technical observation

On the daily chart above, price is trading with an increasing bearish bias, this downwards movement is a correction to the supportive zone 1.0410-1.0372 and I expect a possible rejection within it followed by a surge to the upper side. My advice, remain neutral and wait for a correction to the zone I have mentioned above then buy a bounce within it with your take profit at 1.1123 and stop-loss at 1.0092. If there is a clear break above the level 1.1123 with a big green candle, I expect the value of this pair to ascend further towards the resistance level 1.1679 or even higher to the key level 1.2353. I can only recommend short positions below the zone 1.0410-1.0372.

Trade recommendation

Wait for a correction to the zone 1.0410-1.0372 to buy EUR.

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.