30 November 2020, EUR/USD
Technical observation
The pair on the chart above has been rallying with an increasing bullish momentum and is currently trading at the key level 1.1974. I expect either a clear breakout above the line with a big green candle, or a rejection at it followed by a retracement to the supportive level 1.1895. If you bought this pair at the line, 1.1895, at the level 1.1974 is the ideal place to pick your profits. However, if your currently flat with EUR remain so and wait for either a correction to the supportive level 1.1895 and a bounce at it to buy EUR, or, a clear breakout above the line 1.1974 followed by a retracement to it to pick long positions.
Trade recommendation
Remain flat.
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