EURUSD – Up
Technical observation
This week EUR opened bearish and as long as it is sustained below the supportive zone 1.0832-1.0891 I expect a further surge to the lower side. If you picked short positions within the zone I have mentioned above, I recommend that you remain in the trade with your take profit at 0.9532 and stop-loss at 1.1266. In case of a clear break below the level 0.9532, I expect the value of this pair to plummet further and I recommend that you wait for a correction to the broken level before you continue short; on the other hand, if there is a clear break above the zone 1.0832-1.0891, I expect a possible momentum to the upper side.
Trade recommendation
Remain short with your take profit at 0.9532.
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