11 April 2019, EUR/USD
Technical observation
On the chart above price retraced to a supportive zone 1.1262-1.1255 but was rejected within it and is currently rallying upwards , the bullish pin bar seen at the zone shows the rejection of lower prices confirming a possible bullish momentum towards 1.1359.In case you bought this pair within the above mentioned zone after a bounce hold on to that position with your take profit at 1.1359 and stop loss at 1.1229.Should there be a clear breach above 1.1359, more upward movements of this pair towards the resistance level 1.1444 can be expected. As long as EUR is contained above 1.1262-1.1255 only long positions can be advisable.
Trade recommendation
Remain long with your take profit at 1.1359 and stop loss at 1.1229.
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