05 Tháng Năm 2020, EUR/USD
Technical observation
Yesterday Euro declined after a bounced at a resistance level 1.0985 then declined with a big red candle. I still expect more bearish price rally towards the supportive level 1.0776 followed by a clear breakout below it. If you sold this commodity at the line 1.0985 after a rejection, remain short with your take profit at the level 1.0776 and stop loss at 1.1058. If you are currently flat with this pair, remain so and wait for either another correction to the line 1.0985 and a bounce to sell this pair, or a clear breakout below the level 1.0776 followed by a retracement and a bounce to sell EUR towards the key level 1.0637.
Trade recommendation
We are short with take profit at 1.0776.
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