24 January 2019, EUR/USD
Technical observation
EUR is currently trading with an increasing bullish momentum bias, my expectation is a rise to the resistance zone 1.1428-1.1422 followed by a bounce within it to for possible downwards movements towards 1.1344, Right now you can remain neutral temporarily and wait for the correction to 1.1428-1.1422 and a rejection within it to sell this pair with your take profit at 1.1344 and stop loss at 1.1453, as long as price is contained below 1.1428-1.1422 only short positions may be recommended, long positions may only be ideal in case of a clear penetration above 1.1428-1.1422 followed by a correction to it more than once.
Trade recommendation
Remain neutral.
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