19 Tháng bảy 2021, EUR/USD
Technical observation
On the weekly chart above price is trading with an increasing bearish bias above the supportive zone it established at 1.1752-1.1715, this bearish movement is a retracement to the zone I have mentioned above and I expect a loss of it within the same zone for a possible momentum to the upper side. In case price is not sustained above the supportive zone 1.1752-1.1715 and instead it penetrates below it with a big red candle, I expect the value of this pair to plummet to the supportive level 1.1175 after a retracement to the just broken zone. Right now remaining neutral with this pair is ideal than picking any position.
Trade recommendation
Remain neutral temporarily.
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