EURUSD – Up
Technical observation
On the chart above the price rose to the resistance level 1.0929 then bounced at it and since then it has been trading with an increasing bearish, today I expect a continuation of this downwards movement to the supportive zone 1.0757-1.0749 followed by either a rejection within it or a clear break below it with a big red candle. My advice, remain neutral and wait for a pullback to the zone mentioned above then buy a bounce within it with your take profit at 1.0929 and stop-loss at 1.0703. If there is a clear break above the level 1.0929, I expect the value of the pair to ascend further after a pullback to the broken level.
Trade recommendation
Remain neutral.
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