EURUSD – Up
Technical observation
EUR bounced within the resistance zone 1.0985-1.0953 and it is currently trading with an increasing bearish bias, if you picked short positions within the zone I have mentioned above, remain in the trade with your take profit at 1.0240 and stop-loss at 1.1218. Should price decline below the level 1.0240 with a big red candle. I anticipate a pullback to the broken line and a bounce at it followed by a rally to the lower side towards the level 0.9533, contrary, in case of a break above the zone 1.0985-1.0953; I expect possible bullish movements towards the resistance level 1.1679 or even higher to the level 1.2353.
Trade recommendation
Remain short with your take profit at 1.0240.
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