20 апреля 2021, EUR/USD
Technical observation
On the daily chart above, price rose and broke above a resistance zone 1.2001-1.1965 with a big green candle, it is currently trading with an increasing bullish bias above the same zone however, I expect a minor pullback to the zone followed by a rejection within it for a momentum to the upper side. As it is on the chart above, remaining neutral with this pair is ideal than picking any positions. As long as EUR is contained above the zone 1.2001-1.1965, you can only anticipate a rally to the upper side, and if it is not contained above the zone and penetrates below it, then you can expect a surge towards the level supportive 1.1624.
Trade recommendation
Remain flat.
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