18 Tháng Chín 2020, EUR/USD
Technical observation
O the chart above, price is trading with an increasing bullish momentum above a supportive level 1.1755. I expect this upwards movement to continue to the resistance line1.2016 followed by either a clear breakout above it with a big green candle or a rejection at it. My advice, if you bought EUR at the line 1.1755 after a rejection, remain long with your take profit at 1.2016 and stop loss at 1.1628. In case of a break above the line 1.2016 with a big green candle, wait for a pullback to it to confirm a further surge to the upper side before you continue long with this pair towards the upper resistance line 1.2250.
Trade recommendation
Remain long with your take profit at 1.2016.