25 Maret 2019, EUR/USD
Technical observation
On the hourly chart above, price went down a supportive zone 1.1327-1.1321 with a big red candle and is currently rallying below it on an increasing bullish bias, I expect a loss of this movement within the above mentioned zone for possible bearish price rally towards 1.1215. Right now remain flat temporarily and wait for a retracement to 1.1327-1.1321 and a rejection within it to sell EUR with your take profit at 1.1215 and stop loss at 1.1349.If this take profit is hit and price penetrates below it clearly wait for a correction to it confirming further bearish price rally before you continue short with this pair with your take profit at 1.1178.
Trade recommendation
Remain flat temporarily.