10 February 2021, EUR/USD
Technical observation
Yesterday EUR increased to the upper side as I had anticipated and it is still trading with an increasing bullish bias. i expect this upwards movement to continue to the resistance line 1.2328 followed by either a clear breakout above it with a big green candle, or a rejection at it followed by another retracement to the supportive zone 1.1964-1.1938. If you bought this pair within the zone mentioned above after a bounce, remain in the trade with your take profit at the resistance line 1.2328 and stop loss at1.1743. For this pair, I can only recommend bearish positions below the zone 1.1964-1.1938.
Trade recommendation
Remain bullish with your take profit at 1.2328.
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