We're flat temporarily | 31 декабря 2018

31 декабря 2018, EUR/USD

We're flat temporarily

Technical observation

The general trend for the pair on the daily chart above is downwards, price is rallying around a resistance level 1.1454 and my expectation is a rejection of it at the line for possible bearish rally towards 1.1214 and a possible breach below it for a further decline. You can wait for a close at 1.1454 to sell this pair with your take profit at 1.1214 and stop loss at 1.1574.Should there be a clear penetration above 1.1454 with a big green candle then bullish momentum of price will be anticipated towards the resistance zone 1.1845-1.1799.Right now you can remain neutral temporarily and wait for the close at 1.1454 to sell EUR.

Trade recommendation

Remain neutral.

Be the first to get $5 for participation in the webinar 8.30 GMT!

BECOME FRESHFOREX ANALYST!

Imelda Maseno
Analyst of «FreshForex» company
Согласны с этим обзором?
Мнения трейдеров:
Close
Авторизация
В вашем браузере отключена поддержка cookie. При отключенной поддержке cookie в браузере у вас могут возникнуть проблемы с отображением Личного кабинета. Как включить (активировать) поддержку cookie.