13 November 2020, EUR/USD
Technical observation
EUR did not penetrate below the zone 1.1744-1.1715 instead, yesterday’s candle closed bullish and I still expect a further rise in the value of this pair today. If you bought EUR within the above mentioned zone after a bounce and is currently long, remain in the trade with your take profit at 1.2009 and stop loss at 1.1607. Should there be a clear above the line 1.2009 with a big green candle, wait for a pullback to the just broken and a bounce at it confirming a further rise in price before you continue long with this pair. Short positions can only be recommended below the zone 1.1744-1.1715.
Trade recommendation
Remain long with your take profit at 1.2009.
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