15 June 2023, EUR/USD
Technical observation
On the chart above the price retraced to a resistance zone it established at 1.0870-1.0861 but could not break above it, instead it bounced within the same zone and since then it has been trading with an increasing bearish bias, today I expect the value of this pair to descend further and in case you are holding short positions, I recommend you remain in the trade with your take profit at 1.0666 and stop-loss at 1.0908. If the price breaks below the level 1.0666 with a big red candle, wait for a correction to the broken line and a bounce at it before you continue short with this pair.
Trade recommendation
Remain short with your take profit at 1.0666.
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