19 июля 2021, EUR/USD
Technical observation
On the weekly chart above price is trading with an increasing bearish bias above the supportive zone it established at 1.1752-1.1715, this bearish movement is a retracement to the zone I have mentioned above and I expect a loss of it within the same zone for a possible momentum to the upper side. In case price is not sustained above the supportive zone 1.1752-1.1715 and instead it penetrates below it with a big red candle, I expect the value of this pair to plummet to the supportive level 1.1175 after a retracement to the just broken zone. Right now remaining neutral with this pair is ideal than picking any position.
Trade recommendation
Remain neutral temporarily.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 