We are bearish towards 1.0670. | 18 Agosto 2023

18 Agosto 2023, EUR/USD

Technical observation

EUR has been trading with an increasing bearish bias for the past three consecutive days and today I anticipate a further surge to the lower side, if you are holding short positions with this pair, I recommend that you remain in the trade with your take profit at 1.0670 and stop-loss at 1.1496, if the price declined below the level 1.0670 with a big red candle, I expect the value of this pair to plummet further towards the supportive levels 1.0319 and 0.9533, on the other hand, should the price rise above the resistance zone 1.1496-1.1523, I anticipate possible bullish momentum towards the key levels 1.2353.

Trade recommendation

Remain short with your take profit at 1.0670.

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.