12 April 2019, EUR/USD
Technical observation
Yesterday, price did not rise to the line 1.1359 as predicted but instead corrected to the supportive zone 1.1262-1.1255 and could not penetrate below it, it was contained and is now rallying steadily towards the line 1.1359, I expect bullish price movements to the line followed by a possible breakout above it for a further rise towards the key line 1.1444.In case you bought EUR yesterday within 1.1262-1.1255 after a bounce, hold on to that position with your take profit at 1.1359 and stop loss at 1.1229, if you are not in a trade yet, wait for either another correction to 1.1262-1.1255 or a clear breakout above 1.1359 to buy EUR.
Trade recommendation
Remain long with your take profit at 1.1359 and stop loss at 1.1229.
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