15 February 2022, EUR/USD
Technical observation
EUR declined below the supportive zone 1.1366-1.1360 with a big red candle then rallied further downwards and is still showing signs of bearish movements. However, I expect a loss of this downwards movement followed by a correction to the zone I have mentioned above and a rejection within it to pick short positions with my take profit at the level 1.1236 and stop loss at 1.1407. Should there be a clear breakout below the supportive level 1.1236 with a big red candle, I expect price to plummet to the lower supportive level 1.1120 after a retracement and a bounce at the broken line. Right now I would advice that you remain flat.
Trade recommendation
Remain neutral.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 