Buy EUR within 1.1373-1.1367 | 28 February 2019
28 February 2019, EUR/USD
Technical observation
A few days ago, EUR penetrated above a resistance zone 1.1373-1.1367 with a big green candle, price then retraced to the just broken zone and was contained above it establishing a support.Currenlty EUR is rallying around the zone and I expect a decline to it followed by a bounce within it for possible bullish price momentum towards the resistance level marked at 1.1435.You can wait for the correction to 1.1373-1.1367 and a bounce within it to buy EUR with your take profit at 1.1435 and stop loss at 1.1352, as long as this pair is contained above the zone 1.1373-1.1367, only long positions may be recommended.
Trade recommendation
Buy EUR within 1.1373-1.1367 with your take profit at 1.1435 and stop loss at 1.1352.
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.
