08 June 2021, EUR/USD
Technical observation
Yesterday EUR did not rally to the lower side as I had anticipated; instead it rose and penetrated above the resistance zone 1.2168-1.2159 with a big green candle. Right now it is trading with an increasing bearish bias above the just broken zone and I expect a loss of this downwards movement within the same zone for a momentum the upper side. However, in case price is not sustained above the zone and instead breaks below it with a big red candle, wait for a retracement to it and a rejection within the zone confirming a possible rally to the upper side before you pick short positions towards the supportive level marked at 1.994.
Trade recommendation
Remain neutral.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 