EURUSD – Up
Technical observation
On the daily chart above price is trading with an increasing bullish bias slightly above the supportive zone 1.0410-1.0372, this upwards movement is a slight momentum to the upper side and I expect a loss of it followed by a correction to the zone I have mentioned above. My advice, remain neutral and wait for a pullback to the zone 1.0410-1.0372 then buy EUR within it with your take profit at 1.1123 and stop-loss at 1.0162. If there is a clear break above the level 1.1123 with a big green candle, I expect a correction and a rejection at it followed by a further rally to the upper side towards the key levels 1.1697 and 1.2353.
Trade recommendation
Remain flat temporarily.
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