18 Tháng hai 2022, EUR/USD
Technical observation
On the weekly chart above price has been trading with an increasing bullish bias despite the anticipated bearish movement this week. This upwards movement is a minor retracement to the supportive zone 1.1461-1.1421 and I expect a loss of it within the same zone followed by a surge to the lower side. My advice, if you are currently neutral with this pair remain flat and pick short positions within the zone I have mentioned above with your take profit at 1.0697 and stop loss at 1.1647. In case of a clear breakout above the zone 1.1461-1.1421 with a big green candle, I expect further bullish movements towards the resistance level 1.2252.
Trade recommendation
Remain neutral.
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