10 tháng Ba 2022, EUR/USD
Technical observation
Yesterday price rose steadily up to the resistance 1.1091-1.1079 but could not break above it, instead it bounced within the zone and the previous candle declined with a big red candle, as long as price is sustained below the zone I have mentioned above I expect a continuation of this bearish movement to the supportive level 1.0844. If you picked short positions within the zone 1.1091-1.1079, remain in the trade with your take profit at 1.0844 and stop-loss at 1.1154. In case of a clear breakout above 1.1091-1.1079 with a big green candle, I expect price to ascend further towards the upper resistance level 1.1225 or even higher to 1.1390.
Trade recommendation
Remain short with your take profit at 1.0844.
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