18 Agustus 2020, EUR/USD
Technical observation
EUR is rising steadily below a resistance line 1.1995 with an increasing bullish momentum. I expect this bearish rally to continue to the line followed by a clear breakout above it with a big green candle. My advice, if you bought this pair within the zone 1.1734-1.1714 after a bounce, remain in the trade and pick your profits at 1.1995. In case this take profit it triggered and there is a clear breakout above it with a big green candle, wait for a correction to the just broken line and a bounce at it to confirm further bullish movements of price before you continue long with your take profit at 1.2226.
Trade recommendation
Remain long with your take profit at 1.1995.