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Remain long

Remain long | 14 September 2020

14 September 2020, EUR/USD

Remain longRemain long

Technical observation

EUR is still trading with an increasing bullish bias above a supportive zone 1.1716-1.1689, I expect this upwards movement to continue to the key line 1.1989 followed by either a clear breakout above it with a big green candle, or a rejection at it followed by another correction to the supportive zone 1.1716-1.1689. If you are currently long with this pair, remain so and pick your profit at the key level 1.1989, however, if you are currently flat with this pair, remain neutral and wait for either another correction to the zone 1.1716-1.1689 and a bounce within it to buy EUR or break above 1.1989 to buy this pair.

Trade recommendation

Remain long with your take profit at 1.1989.

Imelda Maseno
Analyst of «FreshForex» company
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