EURUSD – Up
Recently the value EUR bounced within the resistance zone it established at 1.0269-1.0252 then went declined for some time and currently, it is trading below the same zone with an increasing bearish bias. My expectation is a further momentum to the lower side and if you picked short positions within the zone indicated above, I would advise that you remain short with your take profit at 0.9988 and stop-loss at 1.0381. In case of a clear penetration above the zone 1.0269-1.0252, wait for a retracement and a rejection within it before you pick long positions. On your way upwards the levels to look for are 1.0786 and 1.1136.
Remain short with your take profit at 0.9988.
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