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Remain long with your take profit at 1.2341

Remain long with your take profit at 1.2341 | 26 April 2021

26 April 2021, EUR/USD

Remain long with your take profit at 1.2341

Technical observation

Since it was sustained above the supportive zone 1.1984-1.1965, EUR has been increasing steadily towards the resistance level 1.2341, if you bought this pair within the zone mentioned, remain in the trade with your take profit at 1.2341 and stop loss at 1.1860. On the daily chart above, a clear penetration below the supportive zone 1.1984-1.1965 with a big red candle will indicate a strong presence of sellers therefore I anticipate a correction to the just broken zone followed by a bounce within it for a surge to the lower side, but as long as EUR is contained above 1.1984-1.1965, I can only recommend long positions.

Trade recommendation

Remain long with your take profit at 1.2341.

Imelda Maseno
Analyst of «FreshForex» company
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