28 tháng tư 2020, EUR/USD
Technical observation
On the daily chart above, price was not contained below the line 1.0783 it penetrated below, instead it broken above the line and is currently trading with an increasing bullish momentum. I expect a correction to the resistance line 1.0985 followed by a bounce at it for possible bearish price movement. My advice, wait for a correction to the line 1.0985 and a rejection at it to sell EUR with your take profit at 1.0783 and stop loss at 1.1065. Expect a further spike towards 1.0637 in case of a clear breakout below the line 1.0783 with a big red candle followed by a correction to it and a rejection.
Trade recommendation
Remain flat.
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