14 April 2021, EUR/USD
Technical observation
EUR has been rallying with an increasing bullish bias below a resistance zone 1.1995-1.1965, this bullish movement is a rebound to the zone mentioned above and I expect a loss of it within the same zone for a momentum to the lower side. As it is on the daily chart above, I recommend remaining neutral with this pair and only picking short positions within the zone mentioned above after a bounce within it with your take profit at 1.1632 and stop loss at 1.2114. Should there be a clear penetration below the level 1.1632 with a big red candle, I anticipate the value of this pair to plummet further to the lower side to the supportive level 1.1172.
Trade recommendation
Remain flat.
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