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Wait | 30 June 2021

30 June 2021, EUR/USD

Technical observation

EUR is trading with an increasing bullish bias between a supportive level 1.1803 and a resistance line 1.1965, this upwards movement is a correction to the level 1.1965 and I expect a loss of it at the line for a surge to the lower side. Right now, I would advise you remain neutral and wait for a correction to the resistance line I have mentioned above and a rejection at it to sell EUR with your take profit at 1.1803 and stop loss at 1.2001. As long as price is sustained below the level 1.1965, I can only recommend short positions for this pair, bullish movements can only be anticipated in case of a clear breakout above the level 1.1965.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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