10 Tháng hai 2020, EUR/USD
Technical observation
EUR is trading on an increasing bullish bias below a key line 1.0999. This upward movement is a correction to the just broken level and I expect a loss of it at the line for bearish movements towards the line 1.0873. Wait for a correction to the resistance line 1.0999 and a rejection at it to sell EUR with your take profit at 1.0873 and stop loss at 1.1046. Further bearish movements can be expected below the supportive level 1.0873 in case of a breakout. As long as price is contained below the resistance zone 1.1236-1.1225 on the daily chart above only short positions look ideal and can be recommended.
Trade recommendation
Wait for a correction to 1.0999 to sell EUR with your take profit at 1.0873.
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