16 Marzo 2022, EUR/USD
Technical observation
On the chart above price is trading with an increasing bullish momentum between the supportive level 1.0768 and the resistance level 1.1120, this upwards movement is a correction to level 1.1120 and I expect a rally to it followed by a bounce to pick short positions with my take profit at 1.0768 and stop-loss at 1.1284. In case of a clear breakout above the level 1.1120, I expect a correction to the zone 1.1482-1.1461 and a rejection within it to sell EUR towards level 1.1120. On the daily chart above I can only recommend bullish positions in case of a clear breakout above the zone 1.1482-1.1461. Right now I would advise that you remain neutral.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 