EURUSD – Up
Technical Observation
On the chart above price rose above the resistance zone 1.0285-1.0269 with a big green candle yesterday, it then pulled back to the just broken zone but could not break below it and currently the value of the pair above is trading with an increasing bullish bias within the zone I have mentioned above. As long as EUR is sustained above the same zone, I expect a further surge towards the resistance level 1.597, however, right now I would recommend that you remain neutral and wait for a second retracement to the zone 10285-1.0269 to pick long positions with your take profit at the level 1.0597 and stop-loss at 1.0155.
Trade recommendation
Remain flat.
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