Remain flat | 19 March 2020

19 March 2020, EUR/USD

Remain flat

Technical observation

EUR has been declining steadily towards the key level 1.0784. Yesterday price declined to the line but did not break below it. Today, my expectation is either a drop to the support level mentioned above or a retracement to the resistance zone 1.1111-1.1096 followed by a rejection within it. In case of a correction to the zone 1.1111-1.1096, sell EUR within it after a bounce with your take profit at 1.0897 and stop loss at 1.1176 and should there be a no retracement to 1.1111-1.1096 but a clear penetration below 1.0784 with a big red candle, you can pick short positions after a pullback to the broken level.

Trade recommendation

Remain flat.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus