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We're bullish towards 1.1484

We're bullish towards 1.1484 | 10 June 2020

10 June 2020, EUR/USD

We're bullish towards 1.1484

Technical observation

EUR bounced at the supportive level 1.1251 and is currently trading with an increasing bullish momentum. If you bought EUR at the line 1.1251, remain long with your take profit at 1.1484 and stop loss at 1.1181. However, if you are not in a trade yet, remain flat and wait for either another correction to the support 1.1251 and a bounce to buy EUR or, a clear breakout above 1.1484 with a big green candle followed by a pullback to it to pick long positions. On the 4-hour chart above, as long as the value of EUR is contained above the line 1.1251 you can only anticipate bullish movements of EUR.

Trade recommendation

Remain long with your take profit at 1.1484.

Imelda Maseno
Analyst of «FreshForex» company
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