EURUSD – Up
Technical observation
Since it bounced within the resistance zone 1.0934-1.0922 EUR has been trading with an increasing bearish bias, today I expect a further surge to the lower side and in case you are already holding short positions, I recommend that you remain in the trade with your take profit at 1.0496 and stop-loss at 1.1042. If there is a clear break below the level 1.0496 with a big red candle, I expect the value of this pair to descend even further towards 1.0093 after a correction to the line, on the other hand, should there be a clear break above the zone 1.0934-1.0922, I anticipate possible bullish movements of price towards the level 1.1262.
Trade recommendation
Remain short with your take profit at 1.0496.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
