10 June 2022, EUR/USD
Technical observation
On the 4 hour chart above price broke below the supportive it established at 1.0649-1.0637 with a big red candle and currently it is trading with an increasing bullish bias. I expect a continuation of this upwards movement to the just broken zone followed by a rejection within it and a possible momentum to the supportive level 1.0359. My advice, wait for a second correction to the zone 1.0649-1.0637 then sell a bounce within it with your take profit at 1.0359 and stop-loss at 1.0733. Continue short after a clear break below the level 1.0359. Right now as it is on the chart above, remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.
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