29 Julio 2020, EUR/USD
Technical observation
On the weekly chart above, price is still trading with an increasing bullish momentum above a supportive zone 1.1513-1.1459 it recently penetrated above, I expect a correction to the just broken zone followed by a bounce within it for upwards price rally towards the resistance line 1.2463. My advice, remain flat and wait for a correction to the zone 1.1513-1.1459 and a rejection within it to buy EUR with your take profit at 1.2463 and stop loss at 1.1245. As long as price is contained above the zone 1.1513-1.1459, we can only anticipate bullish movements of this pair towards the key levels; 1.2463, 1.3446.
Trade recommendation
Remain flat.