17 tháng Ba 2020, EUR/USD
Technical observation
For several days now, the pair on the daily chart above has been declining steadily towards a supportive zone 1.1111-1.1096. I still, expect more steady bearish movement to the zone followed by a possible penetration below it with a big red candle. In case there is a clear break below the zone, wait for a correction to it and a bounce to sell EUR with your take profit at 1.0897 and stop loss at 1.1173. Should there be no break below 1.1111-1.1096 but a bounce within it, wait for a correction to it to confirm a possible rise in price before you pick long positions with your take profit at the resistance line 1.1300.
Trade recommendation
Remain flat.