Looking to buy within 11.1369-1.1346 | 10 February 2022

Technical observation

Yesterday I anticipated a surge to the supportive zone 1.1369-1.1346 however price rose slightly during the day and today I expect it to surge to the zone i have mentioned above followed by a rejection within it to pick long positions with my take profit at 1.1650 and stop loss at 1.1247. In case there is a clear breakout above the resistance level 1.1650 with a big green candle, I expect a further surge to the upper side after a correction to the just broken line and bounce at it however, in case price is not sustained above the zone 1.1369-1.1346 but clearly breaks below it with a big red candle you can expect bearish movements towards the level 1.1121.

Trade recommendation

Remain neutral.