Remain short towards 1.0806. | 02 July 2019

Technical observation

Since the beginning of the week EUR has been trading on an increasing bearish bias and I expect a continuation of this momentum throughout the week, if you sold this pair within the resistance zone 1.1465-1.1401 remain in the trade with your take profit at 1.0806 and stop loss at 1.1659, if you’re not in a trade yet, wait for either another correction to the above mentioned zone and a rejection within it to sell EUR, or a clear penetration below the line 1.0806 followed by a correction and a bounce at it before you sell this pair. Long positions may only be recommended in case of a clear penetration above 1.1465-1.1401.

Trade recommendation

Remain short towards 1.0806.