13 May 2019, EUR/USD
Technical observation
EUR retraced to the resistance zone 1.1357-1.1251 and could not penetrate above it, it was rejected within the zone and is currently trading on an increasing bearish momentum towards a key level 1.1165.In case you went short within 1.1357-1.1251 after a bounce, hold on to that position with your take profit at 1.1165 and stop loss at 87.44, but if you are not short yet, wait for either another correction to 1.1357-1.1251 or a clear breakout below 1.1165 followed by a correction to it to sell EUR. On the 4 hour chart above, long positions may only be advisable should there be a break above 1.1357-1.1251 followed by a correction to it.
Trade recommendation
Remain short with your take profit at 1.1165 and stop loss at 87.44.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 