EURUSD – Up
Technical observation
EUR has been trading with an increasing bearish bias since it bounced within the resistance level 1.0817-1.0803 and today I expect it to plunge even further. My advice, if you are already holding short positions, I recommend that you remain in the trade with your take profit at 1.0518 and stop-loss at 1.0916. If there is a clear break below the level 1.0518, I recommend that you continue short with this pair after a correction and a bounce at the broken, on the hourly chart above, as long as the price is sustained below the zone 1.0817-1.0803, only bearish positions are ideal and can be recommended.
Trade recommendation
Remain short with your take profit at 1.0518.
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