09 Julio 2020, EUR/USD
Technical observation
EUR is trading with an increasing bullish momentum below a supportive zone 1.1349. My expectation is a clear breakout above the line 1.1349 with a big green candle followed by a correction to it for bullish movements of price. My advice, remain flat and wait for a clear breakout above the line 1.13459 and a correction to it to buy EUR. In case there is no penetration above the line 1.1349 but a correction to the supportive zone 1.1205-1.1193, you can pick long positions within the zone with your take profit at 1.1349 and stop loss at 1.1122. On the 4 hour chart above we can only anticipate bullish movements.
Trade recommendation
Remain flat.
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