02 Mei 2019, EUR/USD
Technical observation
On the weekly chart above, price has been trading on an increasing bullish momentum since the beginning of the week towards a resistance zone 1.1528-1.1457, my expectation is either a rejection of it within the zone for possible downwards movement of price or a clear penetration above 1.1528-1.1457 with a big green candle. Remain flat and wait for the correction to1.1528-1.1457 to sell EUR with your take profit at 1.0444 and stop loss at 1.1851, in case of a clear breach above 1.1528-1.1457, wait for a retracement to the just broken zone and a rejection within it before you buy EUR with your take profit at 1.2456.
Trade recommendation
Remain flat.