EURUSD – Up
Technical observation
On the chart above the price has been trading with an increasing bullish bias for several days now and it is currently trading with an upward momentum slightly below the resistance zone 1.0991-1.0934, I expect a continuation of this upwards movement to the zone I have mentioned above followed by a possible rejection within it. My advice, place a pending sell limit order within the zone I have indicated above with your take profit at 1.0201 and stop-loss at 1.1222. If there is a clear penetration below the level 1.0201, wait for a correction to the broken line before you continue short with this pair towards the level 0.9532.
Trade recommendation
Sell EUR within the zone 1.0991-1.0934 with your take profit at 1.0201.
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