09 Febrero 2022, EUR/USD
Technical observation
Yesterday the value of the pair on the chart above declined as I had predicted and today I anticipated a further momentum to the supportive zone it established at 1.1369-1.1346 followed by a rejection within it to pick long positions with my take profit at the level 1.1650 and stop loss at 1.1238. On the daily chart above as long as EUR is contained above the zone I have mentioned above, I expect a rally to the upper side. On your way upwards the key levels to look for include, 1.1650, 1.1889 and the upper resistance level 1.2224. Right now as it is on the chart above, remaining neutral with EUR is ideal than picking any positions.
Trade recommendation
Remain flat.