EURUSD – Up
Technical observation
On the daily chart above, the price bounced within the resistance zone 1.0908-1.0863 and since then it has been trading with an increasing bearish bias, and as long as it is sustained below the zone I have mentioned above, I expect a continuation of this downwards movement. If you sold this pair within the zone I have indicated above, remain in the trade with your take profit at 1.0240 and stop-loss at 1.1158. In case of a clear break below the level 1.0240 with a big red candle, wait for a pullback and a bounce at it before you continue short with this pair towards the supportive level 0.9533 or lower.
Trade recommendation
Remain short with your take profit at 1.0240.
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