EURUSD – Up
Technical observation
On the daily chart above price is trading with an increasing bullish bias slightly above the supportive zone it established at 1.0410-1.0372, this upwards movement is a slight rally to the upper side and I expect a correction to the zone I have mentioned above followed by a possible bounce within it. My advice, remain flat and wait for a correction to the 1.0410-1.0372 then buy a bounce within it with your take profit at 1.1123 and stop-loss at 1.0161. If there is a clear break above the level 1.1123 with a big green candle, I expect the value of this pair to ascend further towards the resistance levels 1.1679 and 1.2353.
Trade recommendation
Remain neutral temporarily.
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