we are short towards 1.0460 | 31 May 2023

Technical observation

On the chart above the price bounced within the resistance zone 1.0749-1.0740 and since then it has been trading with an increasing bearish bias, today I expect a further surge to the lower side and in case you are already holding short positions, I recommend that you remain in the trade with your take profit at 1.0460 and stop-loss at 1.0809. If the price clearly breaks below the supportive level 1.046, I recommend that you wait for a pullback to the broken line and a rejection at it before you continue short, on the 4 hour chart above, as long as the price is sustained below the zone 1.0749-1.0740, only bullish positions are ideal and can be recommended.

Trade recommendation

Remain short with your take profit at 1.0460.