EURUSD – Up
Technical observation
Since it bounced within the zone 1.1048-1.1076, the value of the pair on the chart above has been trading with an increasing bearish bias and today I anticipate a further surge to the lower side. If you are already holding short position with this pair, I recommend that you remain in trade with your take profit at 1.0319 and stop-loss at 1.1370. In case the price clearly penetrates below the level 1.0319, I expect it to plummet towards the supportive level 0.9533 or lower. As it is on the chart above, as long as the price is sustained below the zone 1.1048-1.1076, only short positions look ideal and can be recommended.
Trade recommendation
Remain short with your take profit at 1.0319.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
