22 Diciembre 2021, EUR/USD
Technical observation
On the chart above price is trading with an increasing bullish bias below the resistance zone 1.1372-1.1354 it established at. I expect the value of this pair to move further upwards then bounce within the zone 1.1372-1.1354; you can then pick short positions within the same zone after a bounce with your take profit at 1.0992 and stop loss at 1.1467. In case there a clear breach below the level 1.0992 with a big red candle, I expect a further surge towards the lower supportive level 1.0640. On the daily chart above as long as price is sustained below the zone 1.1372-1.1354, I can only recommend short positions for this pair.
Trade recommendation
Wait for a correction to the zone 1.1372-1.1354 to sell EUR.
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