24 Desember 2020, EUR/USD
Technical observation
On the daily chart above, price is trading with an increasing bullish momentum. I expect this upwards movement to continue to the resistance line 1.2405 followed by a clear breakout above it with a big green candle. If you bought this pair at the line 1.2076 after a bounce, remain long with your take profit at 1.2405 and stop loss at 1.1924. Should there be a clear breakout below the supportive level 1.2076 with a big red candle, wait for a retracement to it and a bounce confirming a possible surge to the lower side before you pick short positions with your take profit at the supportive level 1.1716.
Trade recommendation
Remain long with your take profit at 1.2405.