EURUSD – Up
Technical observation
On the chart above the price bounced within the resistance zone 1.0749-1.0740 and since then it has been trading with an increasing bearish bias, today I expect a further surge to the lower side and in case you are already holding short positions, I recommend that you remain in the trade with your take profit at 1.0460 and stop-loss at 1.0809. If the price clearly breaks below the supportive level 1.046, I recommend that you wait for a pullback to the broken line and a rejection at it before you continue short, on the 4 hour chart above, as long as the price is sustained below the zone 1.0749-1.0740, only bullish positions are ideal and can be recommended.
Trade recommendation
Remain short with your take profit at 1.0460.
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