We're short within 1.1327-1.1321 | 26 March 2019

Technical observation

Despite the correction to the upper side, EUR is still below the resistance zone 1.1327-1.1321 and as long as it is contained below it I expect a possible surge to the lower side. I am looking to sell this pair within the zone mentioned above with my take profit at 1.1251 and stop loss at 1.1349, should there be a clear breach below 1.1251, more bearish momentum of EUR towards the key line 1.1178 can be expected, however should there be a penetration above 1.1327-1.1321 with a big green candle wait for a retracement to the just broken zone and a bounce within it to buy EUR with your take profit at 1.1406 and stop loss at 1.1293.

Trade recommendation

Sell EUR within 1.1327-1.1321 with your take profit at 1.1251 and stop loss at 1.1349.