EURUSD – Up
Technical observation
On the chart above EUR rose above the zone 1.0410-1.0367 and it is currently trading with an increasing bearish bias above it, this downwards movement is a correction to the zone I have mentioned above and I expect a rejection within it followed by a momentum to the upper side. My advice, remain flat and wait for a correction to the zone I have mentioned above then buy a bounce within it with your take profit at 1.1123 and stop-loss at 1.0122. If there is a clear break above the level 1.1123 with a big green candle, I expect the value of this pair to rally further towards the resistance levels 1.1679 or even higher to the level 1.2353.
Trade recommendation
Remain neutral.
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