Remain neutral temporarily. | 21 Marzo 2023

21 Marzo 2023, EUR/USD

Technical observation

On the daily chart above the price is trading with an increasing bullish bias slightly below the resistance zone 1.0822-1.0780 and I expect a continuation of this upwards movement to the same zone followed by a rejection within it. My advice, remain flat temporarily and wait for a pull back to the zone I have mentioned above then sell a bounce within it with your take profit at 1.0077 and stop-loss at 1.1063. In case of a penetration below the level 1.0077 with a big red candle, I expect the value of this pair to plummet further towards the supportive level 0.9532 or lower after a correction and a rejection at the broken line.

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.