Wait | 30 June 2021
30 June 2021, EUR/USD
Technical observation
EUR is trading with an increasing bullish bias between a supportive level 1.1803 and a resistance line 1.1965, this upwards movement is a correction to the level 1.1965 and I expect a loss of it at the line for a surge to the lower side. Right now, I would advise you remain neutral and wait for a correction to the resistance line I have mentioned above and a rejection at it to sell EUR with your take profit at 1.1803 and stop loss at 1.2001. As long as price is sustained below the level 1.1965, I can only recommend short positions for this pair, bullish movements can only be anticipated in case of a clear breakout above the level 1.1965.
Trade recommendation
Remain flat.
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.
