Sell EUR at the level 1.0641 | 20 October 2023

20 October 2023, EUR/USD

Sell EUR at the level 1.0641

Technical observation

The value of the pair above has been trading with an increasing bullish bias for several days now, this upwards movement is a correction to the resistance line 1.0641 and I expect a continuation of this upwards movement to the same line followed by either a rejection at it or a clear break above it with a big green candle. If the price is rejected at the level 1.0641, sell this pair at the same line with your take profit at 1.0215, on the other hand, if there is a break above the level 1.0641, wait for a correction to the broken line before you pick bullish positions towards the resistance zone 1.0924-1.0922 or even higher to 1.1262.

Trade recommendation

Sell EUR at the level 1.0641 with your take profit at 1.0215.

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