Remain short towards 1.19625. | 22 February 2021

22 February 2021, EUR/USD

Remain short towards 1.19625.

Wave Analysis

After establishing a pick around 1.22860, Euro pulled back to the lower side and is still pretty much bearish both on the daily and on the weekly charts. If you are looking at this chart now, keep looking for long term sell positions expecting a rally towards the daily support zone 1.19625-1.19270. If the price breaks and closes below this zone, then we will be looking for further momentum to the lower side with an ultimate target set at 1.16464. A break below this level will push the price much lower.

Trade Recommendations:

Remain short towards 1.19625.

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.

This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%. 2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .