Remain long with your take profit at 1.1359 | 11 April 2019

11 April 2019, EUR/USD

Remain long with your take profit at 1.1359

Technical observation

On the chart above price retraced to a supportive zone 1.1262-1.1255 but was rejected within it and is currently rallying upwards , the bullish pin bar seen at the zone shows the rejection of lower prices confirming a possible bullish momentum towards 1.1359.In case you bought this pair within the above mentioned zone after a bounce hold on to that position with your take profit at 1.1359 and stop loss at 1.1229.Should there be a clear breach above 1.1359, more upward movements of this pair towards the resistance level 1.1444 can be expected. As long as EUR is contained above 1.1262-1.1255 only long positions can be advisable.

Trade recommendation

Remain long with your take profit at 1.1359 and stop loss at 1.1229.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .