05 Maret 2019, EUR/USD
Technical observation
According to the hourly chart attached above, EUR is rallying on an increasing bullish momentum within a supportive zone it established around 1.1327-1.1321.On this chart i expect a rise to the key resistance level 1.1397 and a possible breakout above it for a further increase in price towards the highest level 1.1476 , but in case price fails to rise to 1.1397 and instead penetrates below 1.1321 then that could be an ideal place to look for possible sell orders towards the support 1.1249 after a correction to the just broken zone. Right now you can buy EUR within 1.1327-1.1321 with your take profit at 1.1397 and stop loss at 1.1306.
Trade recommendation
Buy EUR now within 1.1327-1.1321 with your take profit at 1.1397 and stop loss at 1.1306.