We are neutral | 21 July 2023
21 July 2023, EUR/USD
Technical observation
On the daily chart above, EUR rose above the zone 1.1048-1.1075 and it is currently trading with an increasing bearish bias, this downwards movement is a correction to the zone I have indicated above and I anticipate a possible rejection within followed by a surge to the upper side. My advice, remain neutral and wait for a retracement to the zone I have mentioned above then buy a bounce within it with your take profit at 1.1679 and stop-loss at 1.0830, If there is a break above the resistance line 1.1679, I anticipate possible further bullish movements towards the key level 1.2353 or even higher.
Trade recommendation
Remain neutral.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
