Wait for a pullback to the zone 1.1370-1.1379 | 25 November 2021

Technical observation

EUR is trading with an increasing bullish bias above the supportive level it established at 1.1186, I expect a continuation of this upwards movement to the resistance zone 1.1370-1.1379 followed by a rejection within it to short this pair with my take profit at 1.1186 and stop loss at 1.1446. On the 4 hour chart above, as long as price is contained below the zone I have mentioned above, I can only recommend bearish positions for this pair, in case of a penetration below the level 1.1186 with a big red candle, I expect EUR to surge further to the lower side. I can only recommend picking bullish positions above the zone 1.1370-1.1379.

Trade recommendation

Wait for a pullback to the zone 1.1370-1.1379 to sell EUR.