06 May 2019, EUR/USD
Technical observation
EUR is still rallying below the zone 1.1549-1.1457 and I expect a rise to it followed by a bounce within it for a possible surge to the lower side towards the supportive key level 1.0437.Wait for a correction to the above mentioned zone and a rejection within it to sell EUR with your take profit at 1.0437 and stop loss at 1.1795.In case there’s no rejection within 1.1549-1.1457 but a clear breach above it with a big green candle, wait for a correction to the just broken zone and a bounce within it to confirm possible bullish rally of this pair before you pick long positions with your take profit at 1.2477 and stop loss at 1.1169.
Trade recommendation
Sell EUR within 1.1549-1.1457 with your take profit at 1.0437 and stop loss at 1.1795.
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