Place a buy limit order within 1.2001-1.1965 | 21 April 2021

Technical observation

EUR is trading with increasing bearish bias above a supportive zone 1.2001-1.1965, I expect a loss of this downwards movement within the same zone for a possible momentum to the upper side. As long as price is contained above the zone 1.2001-1.1965, I expect only bullish movements of this pair; however, in case of a clear breakout below the same zone, I anticipate a decline to the supportive level 1.1624 or even lower to the supportive level 1.1172. My advice, place a buy limit order within the supportive zone 1.2001-1.1965 with your take profit at 1.2341 and stop loss at 1.1840. Or, wait for a rejection within the same zone to buy EUR.

Trade recommendation

Place a buy limit order within the zone 1.2001-1.1965 with your take profit at 1.2341.