24 Marzo 2020, EUR/USD
Technical observation
For the past two days, EUR has been rising significantly towards a resistance zone it established around 1.0912-1.0897. Today, I expect more bullish movements towards the zone followed by a bounce within it for possible bearish momentum. My advice, wait for a correction to the above-mentioned zone and a rejection within it to sell EUR with your take profit at 1.0660 and stop loss at 1.0982. However, in case there’s no rejection of price within the zone 1.0912-1.0897 but a clear breakout above it with a big green candle, wait for a retracement to the just broken zone and a bounce to pick long position.
Trade recommendation
Wait for a correction to 1.0912-1.0897 to sell EUR.
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