01 Febrero 2019, EUR/USD
Technical observation
On the weekly chart above price is rallying below a resistance zone 1.1549-1.1464, my expectation is a loss of this bullish momentum within it followed by possible downwards movement towards the key level 1.0438.Should there be a clear penetration above 1.1549 with a big green candle followed by a pullback to it then bullish price rally will be anticipated towards the resistance level 1.2534.You can either place a pending trade within the zone with your take profit at 1.0438 and stop loss at 1.1859 or just wait for a bounce within the above mentioned zone to pick short position with your take profit at the support 1.0438.
Trade recommendation
Sell EUR within 1.1549-1.1464 with your take profit at 1.0438 and stop loss at 1.1859.
Do you know against which currencies EUR is the most profitable?
More trading assets here...
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 