EURUSD – Up
Technical observation
On the daily chart above the price retraced to the resistance zone 1.0991-1.0934 then bounced within it and since then it has been trading with an increasing bearish bias, today I expect a continuation of this downwards movement and in case you are currently holding short positions with this pair, I recommend that you remain in the trade with your take profit at 1.0326 and stop-loss at 1.1245. In case of a penetration below the level 1.0326 with a big red candle, you can wait for a pullback to the broken line and a rejection at it before you continue short with this pair towards the supportive level 0.9590 or lower.
Trade recommendation
Remain short with your take profit at 1.0326.
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