EURUSD – Up
EURUSD is still in an impulsive phase. From the chart above, we can see that the price is currently dropping impulsively to the downside. The price has been rejected at a major resistance zone, specifically at 1.0762, just as we expected. We anticipate the price to drop, at least down to 1.0633. If you currently have a sell trade open, I highly recommend moving the stop loss to breakeven to lock in profits. You can place a short position now below 1.0647 with a profit target ranging from 1.0606 to 1.0633.
Trade Recommendations:
We’re short below 1.0647
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
