26 мая 2020, EUR/USD
Technical observation
The pair on the daily chart above is trading with an increasing bullish momentum, however, I anticipate a rally towards the supportive the level 1.0776 followed by a clear penetration below it. If you are currently neutral with this pair, remain so and wait for a clear penetration below the line 1.0776 and a correction to it to sell EUR. Should there be no decline to the support but a clear breakout above the line 1.0985 with a big green candle, wait for a retracement to the just broken line and bounce at it confirming possible bullish movement of price before you pick long positions towards the key level 1.1191.
Trade recommendation
Remain neutral.
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