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Remain long with your take profit at 1.1034.

Remain long with your take profit at 1.1034. | 06 April 2023

06 April 2023, EUR/USD

Remain long with your take profit at 1.1034.

Technical observation

On the chart above the price is trading with and increasing bearish bias between the supportive zone 1.0803-1.0789, this is a slight pullback to the lower side and I expect a loss of it followed by a surge to the upper side, if you are currently holding bullish positions with the pair above, remain in the trade with your take profit at 1.1034 and stop-loss at 1.0725. In case of clear break above the level 1.1034 with a big green candle, wait for a pullback and a bounce at it before you continue long. On the aily chart above, as long as the price is sustained above the zone 1.0803-1.0789, I can only recommend bullish positions for EUR.

Trade recommendation

Remain long with your take profit at 1.1034.

Imelda Maseno
Analyst of «FreshForex» company
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