we are flat | 14 September 2022

14 September 2022, EUR/USD

we are flat

Technical observation

This week I anticipated bullish movements of price, however EUR opened red and it is still trading with an increasing bearish bias, I expect a continuation of this downwards movement to the supportive level 0.9924 followed by a rejection of price. My advice, remain neutral and wait for a correction to the resistance zone 1.0742-1.0696 then sell a bounce within it with your take profit at 0.9924 and stop-loss at 1.1056, if price does not bounce at the level .9924 but clearly breaks below it with a big red candle, I expect the value of EUR to plummet after a correction to the broken line. I can only recommend bullish positions above the zone 1.0742-1.0696.

Trade recommendation

Remain neutral.

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 .