Remain neutral | 10 January 2019
10 January 2019, EUR/USD
Technical observation
Yesterday, a breakout was seen when price went up above a resistance zone 1.1509-1.1476, this pair is still rising and my expectation is a correction to the just broken zone followed by a bounce within for possible bullish price rally towards 1.1840 and a breakout above it for a further rise in price towards 1.2164.Remain flat and wait for the correction to the above mentioned zone and a rejection within it to buy EUR on the second retracement to it just tom ensure the breakout above 1.1509-1.1476 was not false. Continue long after a breakout above 1.1840 followed by a correction to it confirming further bullish momentum of Euro.
Trade recommendation
Remain flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
