We're long towards 1.2248 | 24 September 2021

Technical observation

At the beginning of this week EUR was trading with an increasing bearish bias above the supportive zone 1.1665-1.1626 and I predicted a loss of this downwards movement within the same zone for surge to the upper side. Right now, this week’s candle is trading with an increasing bullish momentum and I expect it to close green. If you already picked long positions and is currently in a trade, remain bullish with your take profit at 1.2248 and stop loss at 1.1430. I expect further bullish movements in case of a break above 1.2248. On the weekly chart above as long as price is contained above the zone 1.1665-1.1626, i can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 1.2248.