14 February 2023, EUR/USD
Technical observation
On the daily chart above, price is trading with an increasing bullish bias and I expect a continuation of this upwards movement to the resistance level 1.1123 followed by either a rejection of price at it or a clear break above it with a big green candle. My advice remain flat and wait for a correction to the supportive zone 1.0410-1.0372 then buy a bounce within it with your take profit at 1.1123 and stop-loss at 1.0158, if there is a clear break above the level 1.1123, wait for a pullback to the broken line and a rejection at it before you continue long with this pair towards the resistance level 1.1679 or even higher to 1.2353.
Trade recommendation
Remain neutral.
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