30 May 2023, EUR/USD
Technical observation
On the chart above the price rose to the resistance zone 1.1048-1.1075 but did not break above it, instead it bounced within the same zone and since then it has been trading with an increasing bearish bias, today I expect a further surge to the lower side and if you are already holding short positions with this pair, I recommend you remain in the trade with your take profit at 1.0319 and stop-loss at 1.1362. In case of a clear break below the level 1.0319, wait for a correction to the broken line and a bounce at it before you continue short with this pair towards the level 0.9533 or lower.
Trade recommendation
Remain short with your take profit at 1.0319.
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