We're long towards 1.1359 | 12 April 2019

12 April 2019, EUR/USD

We're long towards 1.1359We're long towards 1.1359We're long towards 1.1359

Technical observation

Yesterday, price did not rise to the line 1.1359 as predicted but instead corrected to the supportive zone 1.1262-1.1255 and could not penetrate below it, it was contained and is now rallying steadily towards the line 1.1359, I expect bullish price movements to the line followed by a possible breakout above it for a further rise towards the key line 1.1444.In case you bought EUR yesterday within 1.1262-1.1255 after a bounce, hold on to that position with your take profit at 1.1359 and stop loss at 1.1229, if you are not in a trade yet, wait for either another correction to 1.1262-1.1255 or a clear breakout above 1.1359 to buy EUR.

Trade recommendation

Remain long with your take profit at 1.1359 and stop loss at 1.1229.

Imelda Maseno
Analyst of «FreshForex» company
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