06 December 2022, EUR/USD
Technical observation
EUR is rising towards the resistance zone it established at 1.0759-1.0696 and I expect a rejection within this zone followed by a momentum to the lower side, my advice, place appending sell limit order now within the zone mentioned above with your take profit at 0.9532 and stop-loss at 1.1186. If there is a clear penetration below the supportive level 0.9532 with a big red candle, I expect the value of this pair to plummet further to the lower side, on the other hand in case of a break above the zone 1.0759-1.0696; I expect possible bullish movements towards the resistance level 1.2258 or even higher to the level 1.5013.
Trade recommendation
Place a pending sell limit order now within the zone 1.0759-1.0696 with your take profit at 0.9532 and stop-loss at 1.1186.
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