27 November 2020, EUR/USD
Technical observation
The pair on the daily chart above is trading with an increasing bullish momentum below a resistance line 1.2009. My expectation is a rise to the line followed by a clear breakout above it with a big green candle for an upward momentum. If you are currently long with this pair, I would advise you remain so with your take profit at 1.2009 and stop loss at 1.1625. In case of a clear breakout above the line 1.2009 with a big green candle, wait for a correction to the just broken level and a bounce at it confirming a further surge to the upper side before you continue long with this pair towards the key level 1.2252.
Trade recommendation
Remain long with your take profit at 1.2009.