we are long towrads 1.0928 | 27 May 2022

Technical observation

On the chart above price is trading with an increasing bullish bias above the supportive zone 1.0657-1.0641 as anticipated and today I expect a further momentum to the upper side. If you are currently holding bullish positions with the pair above, remain in the trade with your take profit at 1.0928 and stop-loss at 1.0547. Continue long after a clear break above the level 1.0928 followed by a correction to it. As it is on the 4 hour chart above, as long as price is contained above the zone I have mentioned above, I can only recommend bullish positions for EUR. Bearish movements can only be expected in case of a clear break below the zone 1.0657-1.0641.

Trade recommendation

Remain long with your take profit at 1.0928.