23 июня 2021, EUR/USD
Technical observation
EUR is trading between a supportive zone 1.1605-1.1571 and a resistance level 1.2248 with an increasing bullish bias. I expect a decline to the zone I have mentioned above followed by a rejection within it to re-buy EUR however, you can still anticipate a rise to the key level 1.2248 followed by a clear breakout above it with a big green candle. In case of a decline to the supportive zone I have mentioned above, pick long positions within it after a bounce with your take profit at 1.2248 and stop loss at 1.1396 and in case there is no rally to the zone but a clear break above 1.2248, wait for correction to it before you buy EUR.
Trade recommendation
Remain neutral.
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