20 Junio 2023, EUR/USD
Technical observation
On the chart above the price rose above the zone 1.0890-1.0880 and it is currently trading with an increasing bullish bias above it, I expect a loss of this upwards movement followed by a correction to the zone indicated above and my advice is, remain neutral and wait for a pullback to the zone I have mentioned above then buy a bounce within it with your take profit at 1.1095 and stop-loss at 1.0832, if there is a clear penetration above the level 1.1095 with a big green candle, wait for a pullback and a bounce at it before you continue long with this pair. On the chart above, as long as the price is sustained above zone 1.0890-1.0880, I can only recommend bullish positions.
Trade recommendation
Remain neutral.
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