EURUSD – Up
Technical observation
On the chart above price is trading with an increasing bullish bias slightly above the supportive zone 1.0410-1.0367 and today I expect either a continuation of this upwards movement to the key level 1.1123, or a loss of this bullish movements followed by a correction to the zone I have mentioned above. In case of a rise to the level 1.1123, wait for a rejection of price at it and a pullback to the zone 1.0410-1.0367 to buy EUR with your take profit at 1.1123 and stop-loss at 1.0119. Should there be clear break above the level 1.1123, I expect the value of this pair to ascend further towards the upper levels 1.1679 and 1.2353.
Trade recommendation
Remain neutral.
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