27 Tháng Mười 2020, EUR/USD
Technical observation
EUR retraced to a supportive level 1.1804 but did not break below it. Price bounced at the line then rallied upwards and i still expect a momentum to the upper side. My advice, if you bought EUR at the line 1.1804 after a bounce, remain long with your take profit at 1.1844 and stop loss at 1.1786. In case of a clear breakout above the line 1.1844 with a big green candle, wait for a correction to the just broken line and a correction to it confirming further bullish movements of price before you continue long with EUR. On the chart above, as long as price is contained above the line 1.1804 you can only anticipate bullish movements.
Trade recommendation
Remain long with your take profit at 1.1844.
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