24 November 2020, EUR/USD
Technical Observation
Yesterday EUR declined to the supportive zone 1.1813-1.1807and went below it with a big red tail but it still closed above the zone. I expect a momentum t the upper side towards the key level 1.1859 followed by either a clear breakout above it with a big green candle. However, in case of a clear breakout below the zone 1.1813-1.1807 with a big red candle, you can expect a surge to the lower side. If you bought EUR within the zone mentioned above after a bounce, remain long with your take profit at 1.1859 and stop loss at 1.1783. In case you have not picked any position with this pair, remain flat.
Trade recommendation
Remain long with your take profit at 1.1859.
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