14 Tháng sáu 2019, EUR/USD
Technical observation
This week EUR has been trading on an increasing bearish bias and i expected it to close that way, however, next week I expect a possible retracement to the upper side to the resistance zone 1.1520-1.1464 followed by a bounce within it to sell EUR. If you were flat this week, wait for correction to the above mentioned zone and a bounce within it to sell EUR with your take profit at 1.0915 and stop loss at 1.1814, should there be no correction to 1.1520-1.1464 but a decline to 1.0915 and a breach below it, wait for a correction to the just broken line and a rejection at it before you sell EUR with your take profit at 1.0324.
Trade recommendation
Remain flat.
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