Forex Technical Analysis: Trend potential – Buy EUR within 1.1373-1.1367

EURUSD – Up

Buy EUR within 1.1373-1.1367

Technical observation

A few days ago, EUR penetrated above a resistance zone 1.1373-1.1367 with a big green candle, price then retraced to the just broken zone and was contained above it establishing a support.Currenlty EUR is rallying around the zone and I expect a decline to it followed by a bounce within it for possible bullish price momentum towards the resistance level marked at 1.1435.You can wait for the correction to 1.1373-1.1367 and a bounce within it to buy EUR with your take profit at 1.1435 and stop loss at 1.1352, as long as this pair is contained above the zone 1.1373-1.1367, only long positions may be recommended.

Trade recommendation

Buy EUR within 1.1373-1.1367 with your take profit at 1.1435 and stop loss at 1.1352.

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