Looking to sell EUR within the zone 1.1467-1.1415 | 18 July 2023

18 July 2023, EUR/USD

Technical observation

For the past three consecutive weeks EUR has been trading with an increasing bullish bias and this week it opened bullish again. This upwards movement is a correction to the resistance zone 1.1467-1.1415 and I expect either a rejection within this zone or a clear break above it with a big green candle, my advice, remain flat and wait for a pullback to the zone indicated above then sell a bounce within it with your take profit at 1.0266 and stop-loss at 1.1882. If the value of EUR declines below the level 1.0266 I expect it to plummet towards 0.9533, on the other hand I expect bullish movements in case of a break above zone 1.1467-1.1415.

Trade recommendation

Wait for a correction to the zone 1.1467-1.1415 to sell EUR.

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