Remain bullish | 28 June 2023

Technical observation

On the chart above, the price pulled back to the supportive zone 1.0854-1.0844 but could not break below it, instead it bounced within the same zone and since then it has been trading with an increasing bullish bias today I expect a further surge to the upper side and in case you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 1.1095 and stop-loss at 1.0781. If there is a clear break above the level 1.1095 with a big green candle I expect the price to ascend further, on the other hand, I expect possible bearish movements of price in case of a break below the zone 1.0854-1.0844.

Trade recommendation

Remain bullish with your take profit at 1.1095.