EURUSD: 1.14 The ultimate target and 1.19 levels are not far off


As we explained in the previous analysis, the declines that occurred on the pair were mainly gradual declines in view of the larger charts on the monthly as a corrective movement within the rising trend which began about two years ago, trying to return to fair trading levels 1.3, which fell from the impact of economic events and political successive, Stop each buyback and hold positions from previous levels

Technically and on the 4 hour chart, the pair moved in early trading from saturation levels which had a positive positive effect on the RSI and successfully exceeded the 50-day average on its way to breach the initial resistance at 1.13831 and the stability of the higher area will push it to target the 1.14 areas The pair is targeting the first profit-taking levels at 1.15009, where we can close one-third of the open trades while the far targets are 1.19 and then 1.2 targets technically accessible, albeit too long, and we could see a bearish correction before achieving it

Trading Recommendation
Buy the pair (repurchase for those who actually bought) from current levels
Take the first profit 1.15009
Take Second Profit
For long term investment we will not close the deal before 1.2 levels

Follow my recommendations and analysis via

My official website

Twitter

Facebook

EURUSD: 1.14 The ultimate target and 1.19 levels are not far off EURUSD: 1.14 The ultimate target and 1.19 levels are not far off Reviewed by DR HISHAM M YOUNES on February 17, 2019 Rating: 5

No comments:

Note: Only a member of this blog may post a comment.

Powered by Blogger.