22 Abril 2021, EUR/USD
Technical observation
On the weekly chart above, price is trading with an increasing bullish bias above a supportive zone it established at 1.1596-1.1550 and as long as it is contained above this zone, I expect nothing but a momentum to the upper side towards the key level 1.2248. If you are currently long with this pair, remain in the trade with your take profit at the level 1.2248 and stop loss at 1.1371. In case of a clear breakout below the supportive zone 1.1596-1.1550 with a big red candle, you can anticipate a decline to the supportive level it established at 1.0826 after a rebound to the just broken zone and a bounce within it.
Trade recommendation
Remain long with your take profit at 1.2248.
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