28 December 2021, EUR/USD
Technical observation
Last week EUR rose with a big green candle and this week I still expect further bullish movements towards the resistance zone 1.1511-1.1469, the expected upwards movement is a pullback to the zone mentioned above and I expect a rejection of price within it followed by a rally to the lower side. My advice, remain flat and wait for a correction to the zone 1.1511-1.1469 then sell EUR within it with your take profit at 1.0813 and stop loss at 1.1724. In case there is a clear breakout below the level 1.0813 with a big red candle, further bearish movement of price can be anticipated after a correction to the broken line.
Trade recommendation
Wait for a correction to the zone 1.1511-1.1469 to sell EUR.
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