Pick your profits at 1.1989 | 01 September 2020

01 September 2020, EUR/USD

Pick your profits at 1.1989

Technical observation

On the chart above, price is trading with an increasing bullish momentum below a resistance line 1.1989. If you bought EUR within the supportive zone 1.1716-1.1689 after a bounce you can pick your profits now at the level 1.1989. As it is on the chart above, I expect either a rejection of price at the line 1.1989 followed by a correction to the zone 1.1716-1.1689, or a clear breakout above the line same line with a big green candle, followed by a correction and a rejection at it to buy EUR. Bearish movements of this pair can only be expected below the supportive zone 1.1716-1.1689 towards the line 1.1424.

Trade recommendation

Pick your profits at the level 1.1989.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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