Wait | 28 May 2020

Technical observation

Yesterday EUR did not decline as i had predicted, instead it rallied upwards and penetrated above the resistance level 1.0985 with a big green candle and is still trading with an increasing bullish momentum. I expect a correction to the just broken line followed by a bounce at it for possible bullish momentum towards the resistance zone 1.1205-1.1191. My advice, wait for a pullback to the just broken line and a rejection at it to sell EUR with your take profit at 1.1191 and stop loss at 1.0896. As long as price is contained above the line 1.0985, we can only anticipate bullish movements of EUR.

Trade recommendation

Wait for a pullback to buy EUR.