Wait | 02 Noviembre 2023

02 Noviembre 2023, EUR/USD

Wait

Technical observation

On the weekly chart above, the price is trading with an increasing bearish bias between the supportive level 0.9541 and a resistance zone 1.1512-1.1453 and this week I expect it to close red, however, next week I expect possible upwards movements to the zone I have indicated above followed by either a rejection of price within it or a clear break below it with a big red candle. My advice, remain neutral and wait for a pullback to the zone 1.1512-1.1453 then sell a bounce within it with your take profit at 0.9541 and stop-loss at 1.1880. If there is a clear penetration below the level 0.9541, continue short after a correction to 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.