22 Mei 2020, EUR/USD
Technical observation
Yesterday EUR declined as I had predicted and I still trading with an increasing bearish momentum, I expect this downward movement to continue to the support 1.0776 followed by a clear breakout below it. Remain short with this pair with your take profit at 1.0776 and stop loss at 1.1060. As it is on the daily chart above, only short positions look ideal and I can recommend. We can only anticipate bullish movements of EUR above the key level 1.0985 after a clear breach above it with a big green candle followed by a correction and a bounce at it. I expect further bearish price rally below the line 1.0776.
Trade recommendation
Remain short with your take profit at 1.0776.