19 Desember 2018, EUR/USD
Technical observation
EUR/USD is still moving on an increasing bullish momentum towards the support 1.1454 and I expect a loss of this momentum at the line for possible bearish price rally towards 1.1214 followed by a breakout below it and a correction to it for further downwards movement. You can wait for the correction to 1.1454 and a rejection at it to sell EUR with your take profit at 1.1214 and stop loss at 1.1609. In case there’s no rejection at 1.1454 but a clear penetration above it with a big green candle, wait for a correction to it confirming possible bullish price rally before you pick long positions with your ideal target at the resistance 1.1799.
Trade recommendation
Sell EUR at 1.1454 with your take profit at 1.1214 and stop loss at 1.1609.
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