EURUSD – Up
Technical observation
EUR retraced to the resistance zone it established at 1.1253-1.1211 then bounced within it and since then it has been trading with an increasing bearish bias, if you sold this pair within the zone I have indicated above remain in the trade with your take profit at 1.0659 and stop-loss at 1.1496. Should there be a clear break below the level 1.0659, I expect the value of this pair to plummet further towards the supportive levels 1.0319 and 0.9533, however, if the price ascends above the zone 1.1253-1.1211, wait for a correction to the broken zone before you continue long towards the resistance level 1.2353 or even higher.
Trade recommendation
Remain short with your take profit at 1.0659.
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