Expecting a surge towards 1.1095 | 26 June 2023

Technical observation

On the chart above, the price pulled back to the supportive zone 1.0854-1.0844 and it is currently trading above the same zone with an increasing bullish bias, today I expect a further surge to the upper side and I you picked long positions within the zone I mentioned above I recommend that you remain in the trade with your take profit at 1.1095 and stop-loss at 1.0784. If the price rises above the level 1.1095, wait for a pullback to the broken line and a rejection at it before you continue long on the other hand, you can pick short positions towards the supportive level 1.0511 in case of a clear break below the zone 1.0854-1.0844.

Trade recommendation

Remain long with your take profit at 1.1095.