Looking to buy within 1.0757-1.0749 | 29 Marzo 2023

29 Marzo 2023, EUR/USD

Technical observation

On the hourly chart above, the price is trading with an increasing bearish bias above the supportive zone 1.0757-1.0749 and I expect a continuation of this downwards movement to the same zone followed by a rejection within it. My advice, remain flat and wait for a correction to the zone indicated above then buy a bounce within it with your take profit at 1.0929 and stop-loss at 1.0706. If price clearly breaks above the level 1.0929 with a big green candle, I expect it to ascend further towards 1.1030; on the other hand, in case of a clear break below the zone 1.0757-1.0749, I anticipate bearish movements towards 1.0534.

Trade recommendation

Wait for a correction to the zone 1.0757-1.0749 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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus