16 Tháng sáu 2021, EUR/USD
Technical observation
On the weekly chart above, price is trading with an increasing bullish bias below a resistance level 1.2248, I expect a continuation of this upwards movement to the level I have mentioned above followed by a clear penetration above it with a big green candle. If this happens, wait for correction to the just broken level and a bounce at it confirming a possible momentum to the upper side before you pick long positions. However, if price does not break above the level 1.2248 and instead pulls back to the supportive zone it established at 1.1605-1.1571, buy a bounce within it with your take profit at the resistance level 1.2248.
Trade recommendation
Remain neutral.
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