20 Tháng mười một 2020, EUR/USD
Technical observation
On the 4-hour chart above, price has been rising steadily since it bounced within the supportive zone 1.1813-1.1807. Currently EUR is trading with an increasing bullish momentum below a resistance line 1.1895 and I expect either, a clear breakout above it with a big green candle, or a bounce at it followed by a correction to the zone mentioned above. In case of a break above the line 1.1895, wait for a pullback to it before you continue long and should there be a bounce at it wait for another retracement to 1.1813-1.1807 to buy EUR. Right now, remain long with this pair and pick your profits at 1.1895.
Trade recommendation
Remain long with your take profit at 1.1895.
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