06 апреля 2021, EUR/USD
Technical observation
EUR is trading with an increasing bullish bias below a resistance zone it established at 1.2011-1.1965, I expect this upwards movement to continue to the zone mentioned above followed by a clear rejection within it for a rally to the lower side. My advice, wait for a correction to the resistance zone 1.2011-1.1965 and a rejection within it to sell EUR with your take profit at 1.1623 and stop loss at 1.2117. Should there be a clear breakout below the line 1.1623 with a big red candle, you can expect the value of this pair to plummet further to the lower side to the supportive level 1.1172, or even lower to the key level 1.0771.
Trade recommendation
Remain neutral.
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