Pick your profits 1.1995 | 19 August 2020

Technical observation

EUR is approaching the resistance level 1.1995; my expectation is either a clear breakout above the line with a big green candle for further upwards movements or a correction to the supportive zone 1.1734-1.1714 and a bounce within it for bullish price rally. My advice if you are currently long with this pair, remain in the trade and pick your profits at the line 1.1995. However, if you are currently flat with this commodity wait for either a clear breakout above 1.1995 with a big green candle and a correction to buy EUR or, a correction to the zone 1.1734-1.1714 and a bounce to within it to buy this pair.

Trade recommendation

Remain long with your take profit at 1.1995.