Remain neutral | 19 June 2020
19 June 2020, EUR/USD
Technical observation
EUR did not rise as I had predicted yesterday and instead it declined to the supportive zone 1.1234-1.1210. Today this pair could either bounce within the above-mentioned zone or penetrate below it with a big red candle. In case of a rejection within the zone, you can pick long positions with it with your take profit at 1.1459 and stop loss at 1.1133. However, in case there is penetration below the zone 1.1234-1.1210 with a big red candle, wait for a pullback to the just broken zone and a rejection within it to confirm possible bearish price rally before you sell this pair with your take profit at 1.0982 and stop loss at 1.1296.
Trade recommendation
Remain neutral.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
