Remain flat temporarily. | 13 July 2020

13 July 2020, EUR/USD

Technical observation

EUR is trading with an increasing bullish momentum below a resistance zone 1.1460-1.1404. My expectation is a rejection of this bullish momentum within the above-mentioned zone for bearish price rally towards the supportive level 1.0815. My advice, remain flat temporarily and wait for a bounce within the zone 1.1460-1.1404 to sell this pair with your take profit at 1.0815 and stop loss at 1.1753. In case there is no rejection within the zone 1.1460-1.1404 but a clear breakout above it with a big green candle, wait for a correction to the just broken zone and a bounce before you pick long positions towards 1.2455.

Trade recommendation

Remain flat temporarily.

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