Sell EUR within the zone 1.1094-1.1048 | 25 April 2023

Technical observation

EUR rose to the resistance zone 1.1094-1.1048 and it is currently trading with an increasing bullish bias, I expect either a loss of this upwards movement within the same zone or a clear break above it with a big green candle, in case of a rejection within the zone 1.1094-1.1048, pick short positions within it with your take profit at 1.0319 and stop-loss at 1.1353, on the other hand, if there is a clear break above the zone 1.1094-1.1048, wait for a pullback to the broken zone followed by a rejection within it before you can pick bullish positions towards the key levels 1.1679 or even higher to 1.2353.

Trade recommendation

Sell EUR within the zone 1.1094-1.1048 with your take profit at 1.0319.