10 September 2020, EUR/USD
Technical observation
EUR declined up to a supportive zone 1.1716-1.1689 but it could not break below it. Price bounced within the same zone and is currently trading with an increasing bullish momentum. If you bought this pair within the zone mentioned above after a bounce, remain long with your take profit at 1.1989 and stop loss at 1.1588. However, should there be a clear penetration below the zone 1.1716-1.1689 with a big red candle, wait for a correction to the just broken zone and bounce to confirm a possible surge to the lower side before you pick short position with your take profit at the supportive line 1.1424.
Trade recommendation
Remain long with your take profit at 1.1989.
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