26 Tháng Mười 2023, EUR/USD
Technical observation
EUR retraced to the resistance level 1.0694 then bounced at it and since then it has been trading with an increasing bearish bias, today I expect the value of this pair to plummet further. If you are currently holding short positions, I recommend that you remain in the trade with your take profit at 1.0215 and stop-loss at 1.0768, if there is a clear break below the level 1.0215, with a big red candle, wait for a pullback to the broken line before you continue short, on the hand should there be a clear breach above level, I anticipate possible bullish movements towards zone 1.0922-1.0924 or higher to 1.1262.
Trade recommendation
Remain short with your take profit at 1.0215.
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