10 July 2023, EUR/USD
Technical observation
On the chart above, EUR retraced to the supportive zone 1.0844-1.0835 then bounced within it and since then it has been trading with an increasing bullish bias, today I expect a further rally to the upper side and in case you are already holding bullish positions with this pair, remain in the trade with your take profit at 1.1095 and stop-loss at 1.0787. If there is a rise above the level 1.1095, continue long after a correction and a bounce at the broken line, but should the value of this pair descend below the zone 1.0844-1.0835, I expect to surge towards the supportive level 1.0460 or even lower to 1.0154 and 0.9837.
Trade recommendation
Remain long with your take profit at 1.1095.
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