Remain long towards 1.1131 | 15 April 2020

Technical observation

Yesterday EUR rose following a rejection of it at the supportive level 1.0897, I expect this bullish price movement to continue towards the resistance zone 1.1148-1.1131 followed by a possible penetration above it. If you picked long positions at the level 1.0897 after a bounce, remaining in the trade is ideal with your take profit at the level 1.1131 and stop loss at 1.0812. In case you are currently neutral with this pair, remain so and wait for either another retracement to the level 1.0897 and a rejection at it to buy EUR, or, a clear breakout above and a correction to it to buy this pair.

Trade recommendation

Remain long with your take profit at 1.1131