We're flat | 23 March 2020

23 March 2020, EUR/USD

Technical observation

Last week this pair declined and closed just above the supportive zone 1.0557-1.0331. This week a possible clear breakout below the zone can be anticipated followed by a retracement to it. However, In case there’s no breach below 1.0557-1.0331, a correction to the zone 1.1506-1.1457 can be expected. My advice, remain flat and wait for either a clear breakout below the supportive zone 1.0557-1.0331 followed by a correction to it to sell EUR, or, a correction to the resistance zone 1.1506-1.1457 followed by a bounce within it to pick short positions with your take profit at 1.0557 and stop loss at 1.1760.

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