15 Octubre 2021, EUR/USD
Technical observation
EUR is still trading with an increasing bullish bias below the resistance zone 1.1665-1.1626 and I expect the current candle to close bullish within the zone I have mentioned above, however, I would advise you wait for a second retracement to the same zone and a rejection within it to sell EUR with your take profit at 1.0826 and stop loss at 1.1878. In case price is not sustained below the zone 1.1665-1.1626 and instead it breaks above the same zone with a big green candle, wait for a correction to the just broken zone and a bounce within it before you pick long positions with your take profit at the resistance level 1.2248.
Trade recommendation
Remain neutral.
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