EURUSD – Up
Technical observation
Today the value of the pair on the daily chart above declined with a big red candle and currently it is trading with an increasing bearish bias slightly above the supportive level 1.0304. If you are currently holding short positions with the pair above, remain it the trade and pick your profits at the level 1.0304. In case of a clear break below the level mentioned above, I anticipate a further momentum to the lower side after a correction to it. On the chart above, as long as the value of EUR is sustained below the resistance zone 1.0814-1.0781, I can only recommend short positions; bullish movements can only be advisable above the same zone.
Trade recommendation
Wait for another correction to the zone 1.0814-1.0781 to re-sell EUR.
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