We are bullish towards 1.1373. | 09 December 2021

09 December 2021, EUR/USD

Technical observation

Since it bounced at the supportive zone 1.1235-1.1227, EUR has been trading with an increasing bullish and i expect a continuation of this upwards movement to the resistance level 1.1373 followed by either a clear breakout above it with a big green candle, or a bounce at it followed a decline to the zone mentioned above. If you bought EUR within the zone 1.1235-1.1227 after a bounce, remain long with your take profit at 1.1373 and stop loss at 1.1186. In case of a clear breakout above 1.1235-1.1227 with a big green candle, wait for a correction to it before you pick bullish positions towards the upper resistance level 1.1485.

Trade recommendation

Remain long with your take profit at 1.1373.

Imelda Maseno
Analyst of «FreshForex» company
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 .