10 Abril 2019, EUR/USD
Technical observation
On the chart above price was not rejected within the resistance zone 1.1262-1.1255 but instead penetrated above, it then retraced to the just broken zone but was rejected within it before rallying up for some few hours. Right now price is within it and I expect possible bullish movements towards the key line 1.1359 and a possible breakout above it for a further rise towards 1.1444. You can buy EUR now within the zone with your take profit at 1.1359 and stop loss at 1.1230, in case of a break above 1.1359, more bullish movements towards 1.1444 can be expected. With price above 1.1262-1.1255, only upwards movements can be expected.
Trade recommendation
Buy EUR now within 1.1262-1.1255 with your take profit at 1.1359 and stop loss at 1.1230.
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