07 December 2018, EUR/USD
Yesterday EUR did not break below the supportive level 1.1277 instead it was rejected around it and is currently rising towards the key resistance zone 1.1477-1.1432 and my expectation is a bounce within it to re-sell this pair with my take profit still at 1.1277 and stop loss at 1.1516. In case this take profit is hit and there’s a clear penetration below it, wait for a pull back to it confirming further bearish momentum of EUR before you continue short. Right now remain flat temporarily and wait for a correction to 1.14771-1.1432 to sell EUR. Long positions may only be recommended in case of a break above 1.1477-1.1432 towards 1.1611.
Remain flat temporarily.