08 февраля 2019, EUR/USD
Technical observation
This week, EUR has been rallying downwards after a bounce within the resistance zone 1.1519-1.1452 I expect more of this movement next week and several weeks to come, in case you sold this pair within 1.1519-1.1452 in the beginning of the week, you can hold on to that position with your take profit at 1.0443 and stop loss at 1.1816.Long positions may only be advisable should there be a clear breach above 1.1519-1.1452 with a big green candle followed by a correction to it confirming possible bullish price rally towards 1.2463.Right now as long as EUR is contained below 1.1452 only short positions look ideal and may be recommended.
Trade recommendation
Remain short towards 1.0443.
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