EURUSD – Up
Technical observation
On the chart above, the price bounced within the resistance zone 1.1048-1.1075 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 with this pair, I recommend that you remain in the trade with your take profit at 1.0319 and stop-loss at 1.1362. If there is a clear break below the level 1.0319, I expect the value of this pair to plunge towards the supportive level 0.9533 or lower. As it is on the chart above, I can only recommend bullish positions above the zone 1.1048-1.1075.
Trade recommendation
Remain short with your take profit at 1.0319.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
