We're flat | 03 April 2019

Technical observation

EUR is retracing towards a key level 1.1252 and i expect a rejection of price at the line for possible bearish movements towards 1.1175, remain flat and wait for the rise to the 1.1252 and a bounce at it to sell this pair with your take profit at 1.1175 and stop loss at 1.1278, in case of a clear breach below 1.1175, more downwards movement of EUR can be expected after a pullback to the just broken line. With the general trend of the pair on the 4 hour chart above being downwards, only short positions look ideal and may be recommended, on the hourly chart wait for a correction to 1.1236 to sell EUR.

Trade recommendation

Remain flat.