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Remain short with your take profit at 1.0486.

Remain short with your take profit at 1.0486. | 20 Marzo 2020

20 Marzo 2020, EUR/USD

Remain short with your take profit at 1.0486.

Technical observation

Following a bounce within the resistance zone 1.1499-1.1450, EUR has been declining steadily towards a supportive level 1.0486. This week’s candle is expected to close bearish and further downwards movements can be anticipated next week. If you sold this pair within 1.1499-1.1450 after a break, at the key kevel 1.0486 is the best place to pick your profits. On the above chart as long as price is contained below the resistance zone 1.1499-1.1450, only short positions looks ideal and can be recommended.

Trade recommendation

Remain short with your take profit at 1.0486.

Imelda Maseno
Analyst of «FreshForex» company
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