EURUSD – Up
Technical observation
On the chart above the price retraced to the zone 1.0782-1.0797 but did not break above it and as long as it is sustained below the same zone I expect a surge to the lower side. If you sold this pair within the zone I have indicated above, you remain in the trade with your take profit at 1.0460 and stop-loss at 1.0876. In case of a clear break below the level 1.0460 with a big red candle, I expect the value of this pair to plummet further to the lower side. On your way downwards the key levels to look for include 1.0154 and 0.9741. On the other hand in case of a break above the zone 1.0782-1.0797, I expect bullish movements towards 1.1034.
Trade recommendation
Remain short with your take profit at 1.0460.
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