16 April 2019, EUR/USD
Technical observation
EUR is retracing steadily towards a resistance zone 1.1528-1.1457 and I expect a rejection of it within the zone for possible bearish price rally towards the key level 1.0444 and a possible breakout below it for a further decline in price. My advice, remain flat temporarily and wait for the pullback to 1.1528-1.1457 and a rejection within it to re-sell EUR with your take profit at 1.0444 and stop loss at 1.1823, as long as EUR is contained below the zone 1.1528-1.1457, only short positions can be recommended, however, should there be a clear break above it, bullish price movements towards the key level 1.2456 can be expected.
Trade recommendation
Remain flat temporarily.