27 Tháng Chín 2021, EUR/USD
Technical observation
Last week EUR went down on the weekly chart above and closed bearish. This week it is still showing signs of declining even further but despite this bearish movement I expect a bounce within the supportive zone 1.1665-1.1626 followed by a momentum to the upper side. My advice, remain neutral temporarily and buy a bounce within the zone 1.1665-1.1626 with your take profit at 1.2248 and stop loss at 1.1452. In case of a clear breakout below the zone I have mentioned above with a big red candle, wait for correction to it and a bounce within it confirming a possible rally to the lower side before you pick short position.
Trade recommendation
Remain neutral temporarily.