We're flat | 17 April 2020

Technical observation

Euro is trading with an increasing bullish momentum between a supportive level 1.0753 and a resistance zone it established around 1.0985-1.0970. I expect either a rise to the resistance zone mentioned above followed by a bounce within it, or a decline to the supportive level 1.0753 followed by a clear penetration below it. In case of a correction to 1.0985-1.0970, sell this pair within it after a rejection with your take profit at 1.0753, and should there be a clear breach below the line 1.0753, wait for a retracement to it and a rejection to sell Euro. Right now remaining neutral with this pair is ideal.

Trade recommendation

Remain flat.