02 апреля 2020, EUR/USD
Technical observation
EUR is rallying above the supportive level 1.0897 with an increasing bearish momentum. This pair has been trading with an increasing bearish bias since its rejection within the resistance zone 107.99-107.86, however I expect a loss of this downwards movement at the support followed by either a clear bounce at it or a penetration below it with a big red candle. If you sold this pair within the zone 107.99-107.86 after a rejection, remain short and pick your profits at the level 1.0897 and in case of a break below it continue short with your take profit at the lowest supportive level marked around 1.0660.
Trade recommendation
Remain short with your take profit at 1.0897.
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