02 July 2020, EUR/USD
Technical observation
EUR continues to rise steadily towards the key level 1.1453. I expect a possible breakout above the level 1.1453 with a big green candle followed by a pullback to it for further bullish movements of price. If you picked long positions within the supportive zone 1.1176-1.1158 after a rejection, remain long with your take profit at 1.1453 and stop loss at 1.1078. In case there is a clear breakout below the 1.1176-1.1158 with a big red candle, wait for a correction to the just broken zone and a rejection within it to confirm a possible rally to the lower side before you sell EUR with your take profit at 1.0791 and stop loss at 1.1276.
Trade recommendation
Remain long with your take profit at 1.1453.
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