EURUSD – Up
Technical observation
On the chart above price has been rising steadily towards the resistance zone 1.0759-1.0696 and it is currently trading slightly below it with an increasing bullish bias. I expect a continuation of this upwards movement to the zone I have mentioned above followed by a rejection within it, and my advice is, remain neutral and wait for a pullback to the zone I mentioned earlier then sell a bounce within it with your take profit at 0.9532 and stop-loss at 1.1140. If there is a clear break below the level 0.9532, I expect the value of this pair to plummet further to the lower side, on the chart above; I can only recommend bullish positions above the zone 1.0759-1.0696.
Trade recommendation
Remain neutral temporarily.
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