12 October 2020, EUR/USD
Technical observation
EUR is still trading with an increasing bullish momentum above the zone 1.1744-1.1715. I expect this upwards movement to either continue to the resistance line 1.2009 followed by a clear breakout above it with a big green candle, or a rejection at 1.2009 followed by a retracement to the supportive zone mentioned above. My advice, if you bought EUR within 1.1744-1.1715 after a rejection, remain in the trade with your take profit at 1.2009 and stop loss at 1.1610. On the daily chart above, as long as price is contained above the zone 1.1744-1.1715, only bullish movements can be recommended.
Trade recommendation
Remain long with your take profit at 1.2009.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 