08 Tháng sáu 2021, EUR/USD
Technical observation
Yesterday EUR did not rally to the lower side as I had anticipated; instead it rose and penetrated above the resistance zone 1.2168-1.2159 with a big green candle. Right now it is trading with an increasing bearish bias above the just broken zone and I expect a loss of this downwards movement within the same zone for a momentum the upper side. However, in case price is not sustained above the zone and instead breaks below it with a big red candle, wait for a retracement to it and a rejection within the zone confirming a possible rally to the upper side before you pick short positions towards the supportive level marked at 1.994.
Trade recommendation
Remain neutral.
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