10 March 2020, EUR/USD
Technical observation
On the daily chart above, price rose and reached the resistance level 1.1453, and today either a clear breakout above the line or a bounce at it can be expected. In case of a clear breakout above the line 1.1453 with a big red candle, wait for a correction to and a bounce at it to buy EUR with your take profit at 1.1800 and stop loss at 1.136. However, should there be a bounce at 1.1453 followed by a retracement to the zone 1.1186-1.1175, remain flat and wait for a bounce within it to buy EUR with your take profit at 1.1453 and your stop loss at 1.1094. Only bullish positions looks ideal for the pair on the chart above.
Trade recommendation
Remain flat.
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