Remain flat temporarily. | 23 Febrero 2023

23 Febrero 2023, EUR/USD

Technical observation

On the daily chart above price is trading with an increasing bullish bias slightly above the supportive zone 1.0410-1.0372, this upwards movement is a slight momentum to the upper side and I expect a loss of it followed by a correction to the zone I have mentioned above. My advice, remain neutral and wait for a pullback to the zone 1.0410-1.0372 then buy EUR within it with your take profit at 1.1123 and stop-loss at 1.0162. If there is a clear break above the level 1.1123 with a big green candle, I expect a correction and a rejection at it followed by a further rally to the upper side towards the key levels 1.1697 and 1.2353.

Trade recommendation

Remain flat 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.