Wait for a retracement | 24 June 2019

24 June 2019, EUR/USD

Wait for a retracement

Technical observation

Last week EUR rose with a big green candle towards a zone 1.1523-1.1454 and I still expect more bullish price rally this week to the zone followed by a bounce within it. You can remain flat and wait for a retracement to 1.1523-1.1454 and a rejection within it to sell EUR with your take profit at 1.0878 and stop loss at 1.1750, in case this take profit is hit and there’s a clear breach below it then more bearish movements towards 1.0326 can be expected, however, should there be no rejection within 1.1523-1.1454 but a clear break above it followed by a correction to it then bullish movements of price can be anticipated.

Trade recommendation

Wait for a retracement to 1.1523-1.1454 to sell EUR.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .