18 November 2020, EUR/USD
Technical observation
EUR is trading with an increasing bullish bias above a supportive zone 1.1839-1.1832. I expect this upwards movement to continue to the resistance line 1.1919 followed by a clear breakout above it for a surge to the upper side. My advice, if you bought EUR within the zone 1.1839-1.1832 and is currently long, remain in the trade with your take profit at 1.1919 and stop loss at 1.1806. Should there be a clear breakout above the line 1.1919 with a big green candle, wait for a correction to it and a bounce confirming further bullish movements of price before you continue long towards the resistance line 1.2011.
Trade recommendation
Remain long with your take profit at 1.1919.