Remain short with your take profit at 1.0486. | 20 March 2020
20 March 2020, EUR/USD
Technical observation
Following a bounce within the resistance zone 1.1499-1.1450, EUR has been declining steadily towards a supportive level 1.0486. This week’s candle is expected to close bearish and further downwards movements can be anticipated next week. If you sold this pair within 1.1499-1.1450 after a break, at the key kevel 1.0486 is the best place to pick your profits. On the above chart as long as price is contained below the resistance zone 1.1499-1.1450, only short positions looks ideal and can be recommended.
Trade recommendation
Remain short with your take profit at 1.0486.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
