We're short towards 1.0788 | 14 February 2020

Technical observation

This week, EUR has been trading on an icreasing bearish momentum and I expect this downwards movement to continue to the supportive level 1.0788 followed by a clear breakout below it. If you sold this pair within the resistance zone 1.1181-1.1151 after a rejection, remain short with your take profit at 1.0788 and stop loss at 1.1361. Continue short with EUR towards the line 1.0335 after a clear penetration below 1.0788 followed by a correction and arejection at it. As long as EUR is contianed below the resistance zone 1.1181-1.1151, only short positions look ideal and may be recommended.

Trade recommendation

Remain short with your take profit at 1.0788.