We are short towards 0.0359 | 20 June 2022

Technical observation

Since it bounced within the zone 1.0583-1.0595 EUR has been trading with an increasing bearish bias and I expect a continuation of this downwards movement to the supportive level 1.0359 followed by either a clear break below it with a big red candle, or a rejection at it followed by another correction to the zone 1.0583-1.0595. My advice, if you are currently holding short positions with the pair above, remain in the trade with your take profit at 1.0359 and stop-loss at 1.0670. Continue short in case of a clear break below the level 1.0359. I can only recommend bullish positions in case of a clear break above the zone 1.0583-1.0595.

Trade recommendation

Remain short with your take profit at 0.0359.