EURUSD – Up
After days of rallying down towards a support 1.1739,EUR/USD is now correcting to the resistance line 1.1990 and I expect a rejection of it from the line for possible bearish momentum towards 1.1739 and a possible breakout below it for a continuation of bearish movement of price towards 1.1387.You can wait for the correction of price to 1.1990 then short EUR/USD at it with your take profit at 1.1739 and stop loss around 1.2079.In case of a breach below 1.1739,remain short with EUR after a correction to it with your take profit at 1.1387.Long positions can only be recommended in case price breaks above 1.2235.
Short EUR around 1.1990 with your take profit at 1.1739 and stop loss around 1.2079.
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