26 February 2019, EUR/USD
Technical observation
EUR is pulling itself to the upper side but is still within the resistance zone 1.1551-1.1520 and a support 1.1216.I expect a rise to 1.1551-1.1520 followed by either a bounce at it for bearish price rally towards 1.1216, or a clear penetration above it and a correction to it for upward momentum of price.While price is contained below 1.1551-1.1520,I belive EUR is still within the sellers reach.Should price fail to retrace to 1.1551-1.1520 but instead decline to 1.1216 and penetrates below it,wait for a correction to it to confirm bearish price rally before you sell EUR with your take profit at 1.0822 and stop loss at 1.1328.
Trade recommendation
Remain flat.