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Remain long with your take profit at 1.1090.

Remain long with your take profit at 1.1090. | 23 January 2023

23 January 2023, EUR/USD

Remain long with your take profit at 1.1090.

Technical observation

On the daily chart above, EUR is trading with an increasing bullish bias slightly below the resistance level 1.1090 and today I expect a continuation of this upwards movement to the same level followed by either a clear break above it with a big green candle, or a rejection of price at it. If you are currently holding bullish positions with the pair above, remain in the trade and pick your profits at the level 1.1090, and in case you are neutral, remain flat and wait for either a break above the level 1.1090 with a big green candle followed by a correction and a bounce at it, or a pullback to the supportive zone 1.0410-1.0367 to buy EUR.

Trade recommendation

Remain long with your take profit at 1.1090.

Imelda Maseno
Analyst of «FreshForex» company
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