29 Julio 2022, EUR/USD
Technical observation
EUR is trading with an increasing bearish bias above the supportive level it established at 1.0020; however, I expect a loss of this downwards movement followed by a correction to the resistance zone 1.0780-1.0739 to pick short positions with my take profit at the level 1.0020 and stop-loss at 1.0979. If there is a clearly breaks below the line 1.0020 with a big red candle, I expect a further surge to the lower side after a correction to it. However, should there be a clear break above the zone 1.0780-1.0739 above; I expect bullish movement of price towards the resistance level 1.1461 or even higher to the key level 1.2318.
Trade recommendation
Remain neutral.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 