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Remain flat.

Remain flat. | 10 June 2022

10 June 2022, EUR/USD

Remain flat.

Technical observation

On the 4 hour chart above price broke below the supportive it established at 1.0649-1.0637 with a big red candle and currently it is trading with an increasing bullish bias. I expect a continuation of this upwards movement to the just broken zone followed by a rejection within it and a possible momentum to the supportive level 1.0359. My advice, wait for a second correction to the zone 1.0649-1.0637 then sell a bounce within it with your take profit at 1.0359 and stop-loss at 1.0733. Continue short after a clear break below the level 1.0359. Right now as it is on the chart above, remaining neutral is ideal than picking any positions.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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