09 April 2019, EUR/USD
Technical observation
EUR retraced to a resistance zone around 1.1267-1.1261, right now price is rallying within it on an increasing bearish momentum and I expect more of this movement towards the key level 1.1174. Right now is the best time to sell this pair within the zone with your take profit at 1.1174 and stop loss at 1.1289, if this take profit is hit and there’s a clear breach below the line, wait for a correction to it to confirm further downwards movement of this commodity before you continue short, however, should price penetrate above the zone 1.1267-1.1261, bullish movements of EUR can be activated towards the key level 1.1352.
Trade recommendation
Sell EUR now within 1.1267-1.1261 with your take profit at 1.1174 and stop loss at 1.1289.
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