02 мая 2022, EUR/USD
Technical observation
On Friday the value of the pair above rose with a big green candle, and today I expect a continuation of this upwards movement to the resistance level 1.0714 followed by a rejection at it to pick short positions with my take profit at 1.0340 and stop-loss at 1.0870. If price declines below the supportive level 1.0340, I expect it to descend further after a pullback to the broken level; however, in case of a clear penetration above the level 1.0714, you can anticipate possible bullish movements of price after a retracement to the same line. Right now as it is on the chart above, remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 