Sell EUR within the zone 1.1158-1.1116 | 14 Abril 2023

14 Abril 2023, EUR/USD

Sell EUR within the zone 1.1158-1.1116

Technical observation

On the chart above the price is trading with an increasing bullish bias below the resistance zone 1.1158-1.1116 and I expect a rise to the same zone followed by a rejection within it. My advice, remain neutral temporarily and wait for a bounce within the zone I have mentioned above to sell EUR with your take profit at 1.0319 and stop-loss at 1.1392. If there is a clear break below the level 1.0319, I expect the price to decline further to the lower supportive level 0.9533 or lower. On the chart above, as long as the price is sustained below the zone 1.1158-1.1116, only short positions look ideal and can be recommended.

Trade recommendation

Sell EUR within the zone 1.1158-1.1116 with your take profit at 1.0319.

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.