01 Tháng hai 2019, EUR/USD
Technical observation
On the weekly chart above price is rallying below a resistance zone 1.1549-1.1464, my expectation is a loss of this bullish momentum within it followed by possible downwards movement towards the key level 1.0438.Should there be a clear penetration above 1.1549 with a big green candle followed by a pullback to it then bullish price rally will be anticipated towards the resistance level 1.2534.You can either place a pending trade within the zone with your take profit at 1.0438 and stop loss at 1.1859 or just wait for a bounce within the above mentioned zone to pick short position with your take profit at the support 1.0438.
Trade recommendation
Sell EUR within 1.1549-1.1464 with your take profit at 1.0438 and stop loss at 1.1859.
Do you know against which currencies EUR is the most profitable?
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