29 October 2021, EUR/USD
Technical observation
EUR has been trading with an increasing bullish bias since it bounced at the supportive zone 1.1520-1.1469, I expect this upwards movement to continue to the resistance level 1.2248 followed by a clear breakout above it with a big green candle, or a rejection at it followed by another correction to the zone i have mentioned above. If you are currently holding bullish positions with this pair, remain in the trade with your take profit at 1.2248 and stop loss at 1.1179. In case of a break above the level 1.2248, wait for a retracement to it and a bounce confirming a possible further upwards movement of price before you continue long with this pair.
Trade recommendation
Remain long with your take profit at 1.2248.
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