03 Juli 2020, EUR/USD
Technical observation
On the 4-hour chart above, price is trading with an increasing bullish momentum above a supportive zone 1.1205-1.1193. My expectation is either a rise to the resistance line 1.349 followed by a clear breakout above it with a big green candle, or a decline to the zone mentioned above followed by a clear breakout below it with a big red candle. In case of a breach above 1.1349, wait for a pullback to it before you pick long positions. Should price breach below the zone 1.1205-1.1193 with a big red candle wait for a correction to it to confirm possible bearish movements of price before you sell EUR towards 1.1041.
Trade recommendation
Remain flat.