24 Mei 2019, EUR/USD
Technical Observation
Yesterday, our stop was taken out when the price hit the lows of 1.111000 but ended up closing above the upper trendline. As I stated on the previous trading day, following the bounce, we're now upwards, I'm expecting a possible rally to the upperside with my first take profit along the upper trendline. On its way upwards the key lines to look for include 1.112400, 1.13300 and 1.14210. On this chart, I recommend looking for buy orders towards the first take profit any break higher will push the price even higher.
Trade Signal
Look for buy orders towards 1.112400.