01 Noviembre 2022, EUR/USD
Technical observation
On the chart above, price retraced to the supportive zone it established at 0.9873-0.9855 then bounced at it and since then it has been trading with an increasing bullish bias. As long as price is sustained above this zone I expect a further surge to the upper side and if you are currently holding bullish positions with EUR, I recommend that you remain in the trade with your take profit at 1.0087 and stop-loss at 0.9777. In case of a clear penetration above resistance level 1.0087 with a big green candle, wait for a pullback and rejection of price at it before you continue long with this pair towards the resistance level 1.0347.
Trade recommendation
Remain long with your take profit at 1.0087.
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