Technical observation
Since it bounced within the zone 1.1178-1.1232, EUR has been trading with an increasing bearish bias and this week it also opened bearish. I expect a continuation of this bearish movement and in case you are already holding short positions with this pair, remain in the trade with your take profit at 0.9532 and stop-loss at 1.1610, if the price penetrates below the level 0.9532, wait for a correction to the broken line before you continue short with this pair, but if there is a clear break above the zone I mentioned earlier, I anticipate possible bullish movements of price towards the key levels 1.2452, 1.3987 or even higher to 1.5135.
Trade recommendation
Remain short with your take profit at 0.9532.
Origin: FreshForex
