01 Tháng Chín 2020, EUR/USD
Technical observation
On the chart above, price is trading with an increasing bullish momentum below a resistance line 1.1989. If you bought EUR within the supportive zone 1.1716-1.1689 after a bounce you can pick your profits now at the level 1.1989. As it is on the chart above, I expect either a rejection of price at the line 1.1989 followed by a correction to the zone 1.1716-1.1689, or a clear breakout above the line same line with a big green candle, followed by a correction and a rejection at it to buy EUR. Bearish movements of this pair can only be expected below the supportive zone 1.1716-1.1689 towards the line 1.1424.
Trade recommendation
Pick your profits at the level 1.1989.
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