20 июля 2020, EUR/USD
Technical observation
EUR pulled back to a resistance zone it established around 1.1492-1.1425 and it could not penetrate above it, price was contained below the zone and as long as it is below it, we can only anticipate bearish rally towards the supportive level 1.0493. Within the zone 1.1492-1.1425 is the ideal place to sell this pair with your take profit at 1.0493 and stop loss at 1.1816. In case of a clear breakout above the zone 1.1492-1.1425 with a big green candle, wait for a correction to the just broken zone and rejection to confirm a possible surge to the upper side before you pick long positions with your take profit at 1.2463.
Trade recommendation
Sell EUR within 1.1492-1.1425 with your take profit at 1.0493.
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