16 April 2019, EUR/USD
Technical observation
EUR is retracing steadily towards a resistance zone 1.1528-1.1457 and I expect a rejection of it within the zone for possible bearish price rally towards the key level 1.0444 and a possible breakout below it for a further decline in price. My advice, remain flat temporarily and wait for the pullback to 1.1528-1.1457 and a rejection within it to re-sell EUR with your take profit at 1.0444 and stop loss at 1.1823, as long as EUR is contained below the zone 1.1528-1.1457, only short positions can be recommended, however, should there be a clear break above it, bullish price movements towards the key level 1.2456 can be expected.
Trade recommendation
Remain flat temporarily.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 