22 August 2022, EUR/USD
Technical observation
EUR is trading with an increasing bearish bullish bias slightly above the supportive level 0.9991, this upwards movement is a correction to the resistance zone 1.0287-1.0266 and I expect it to continue to the same zone followed by a bounce within it to pick short positions with my take profit at 0.9991 and stop-loss at 1.0367. If there is a clear break below the level 0.9991 with a big red candle, I expect EUR to decline further after a correction to the broken line, however, in case of a clear break above the zone 1.0287-1.0266; I expect the value of the pair above to ascend towards the resistance level 1.0599 or even higher to 1.0934.
Trade recommendation
Remain flat.
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 