Place a pending sell limit order within 1.0105-1.0090 | 08 September 2022

08 September 2022, EUR/USD

Place a pending sell limit order within 1.0105-1.0090

Technical observation

EUR is trading with an increasing bullish bias slightly below the resistance zone 1.0105-1.0090 and today I expect a continuation of this upwards movement to the same zone followed by a rejection of price within it. My advice, remain flat temporarily and wait for a rise to the zone mentioned above then pick short positions within it after a bounce with your take profit at 0.9862 and stop-loss at 1.0171, in case this pair is not sustained below the zone I mentioned earlier but clearly penetrates above it with a big green candle, I expect the value of EUR to surge towards the resistance level 1.0347 or even higher to the level 1.0613.

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