Remain short with your take profit at 1.0215. | 26 Octubre 2023

26 Octubre 2023, EUR/USD

Remain short with your take profit at 1.0215.

Technical observation

EUR retraced to the resistance level 1.0694 then bounced at it and since then it has been trading with an increasing bearish bias, today I expect the value of this pair to plummet further. If you are currently holding short positions, I recommend that you remain in the trade with your take profit at 1.0215 and stop-loss at 1.0768, if there is a clear break below the level 1.0215, with a big red candle, wait for a pullback to the broken line before you continue short, on the hand should there be a clear breach above level, I anticipate possible bullish movements towards zone 1.0922-1.0924 or higher to 1.1262.

Trade recommendation

Remain short with your take profit at 1.0215.

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.