We're short | 02 October 2020

Technical observation

EUR has been stagnating within a resistance zone it established around 1.1744-1.11715, currently price is still trading with an increasing bearish momentum within the same zone and I expect this bearish movement to continue to the supportive level 1.1453 followed by a clear breakout below it with a big red candle. If you sold this pair within the zine mentioned above hold on to that position with your take profit at 1.1453 and stop loss at 1.1850. In case of a clear breakout above the zone 1.1744-1.11715 with a big green candle, price could rally upwards should there be a correction to the zone and a bounce within it.

Trade recommendation

Remain short with your take profit at 1.1453.