Wait | 19 May 2023

19 May 2023, EUR/USD

Wait

Technical observation

On the chart above, the price declined below the zone it established at 1.0801-1.0789 and it’s currently trading with an increasing bearish bias below the same zone. However, I expect a loss of this downwards movement followed by a pullback to the zone I have indicated above and a possible bounce within it, my advice; remain neutral and wait for a pullback to the zone I mentioned earlier then sell a bounce within it with your take profit at 1.0460 and stop-loss at 1.0862. If the price declines below the supportive level 1.0460, I expect it to plummet further downwards after a pullback and a bounce at the broken line.

Trade recommendation

Remain neutral.

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.