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Pick long positions within 1.1883-1.1874

Pick long positions within 1.1883-1.1874 | 06 September 2021

06 September 2021, EUR/USD

Pick long positions within 1.1883-1.1874

Technical observation

EUR rose and broke above a zone 1.1883-1.1874 with a big green candle, right now it is trading with an in creasing bearish bias within the zone I have mentioned above and I expect a loss of this bearish movement within the same zone for a rally to the upper side, My advice, right now within the supportive zone 1.1883-1.1874 is the ideal place to buy this pair with your take profit at 1.2000 and stop loss at 1.1834. In case of a clear breakout above the level 1.2000 with a big green candle, I anticipate a further surge to the upper side to the upper resistance level 1.2130. As long as EUR is contained above the zone 1.1883-1.1874 I can only recommend bullish positions.

Trade recommendation

Buy EUR within 1.1883-1.1874 with your take profit at 1.2000.

Imelda Maseno
Analyst of «FreshForex» company
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