Remain short towards 1.0444. | 25 April 2019

Technical observation

On the weekly chart above EUR has been declining since the beginning of the week and I still expect more on this bearish price rally next week, if you went short within the resistance zone 1.1528-1.1457 hold on to that position with your take profit at the key line 1.0444 and stop loss at 1.1816, if you are not in a trade yet, wait for a correction to 1.1528-1.1457 and a bounce within it to sell this pair. Should there be no rejection within 1.1528-1.1457 but a clear penetration above it with a big green candle, bullish momentum of EUR can be expected after a correction to the just broken zone followed by a rejection within it.

Trade recommendation

Remain short towards 1.0444.