Expecting a rally to 1.0358 | 30 June 2022
30 June 2022, EUR/USD
Technical observation
On the chart above EUR declined with a big red candle as I had predicted and today I expect a further rally to the lower side. If you are currently holding short positions with the pair above, remain in the trade with your take profit at 1.0358 and stop-loss at 1.0632. In case of a clear break below the level 1.0358 with a big red candle, wait for a correction to it before you continue short. As it is on the chart above, I can only recommend bullish positions in case of a clear break above the zone 1.0568-1.0578 followed by a correction to it.
Trade recommendation
Remain short with your take profit at 1.0358.
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.
