Sell a bounce within the zone 1.0832-1.0891 | 31 Marzo 2023

31 Marzo 2023, EUR/USD

Sell a bounce within the zone 1.0832-1.0891

Technical observation

EUR is trading with an increasing bullish bias within the resistance zone 1.0832-1.0891 and I expect either a loss of this upwards movement within the same zone or a clear break above it with a big green candle. In case of a bounce within the zone indicated above, pick short positions within the same zone with your take profit at 0.9532 and stop-loss at 1.1261. If there is a clear break below the level 0.9532, I expect the price to decline further to the lower side; on the other hand, in case of a penetration above the zone 1.0832-1.0891, I anticipate bullish movements towards the resistance level 1.2564 or even higher to 1.5013.

Trade recommendation

Sell a bounce within the zone 1.0832-1.0891 with your take profit at 0.9532.

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.