10 Mei 2021, EUR/USD
Technical observation
On the weekly chart above, price is trading with an increasing bullish bias below a resistance line 1.2248, I expect either a loss of this upwards movement at the level mentioned above, or a clear breakout above it with a big green candle. My advice, if you currently long with this pair, remain so with your take profit at 1.2248. If price breaks above the level 1.2248 with a big green candle, wait for a correction to it and a bounce confirming further bullish movements of price before you continue long with this pair. Should price break below the zone 1.1605-1.1571 with a big red candle, you can expect a change in momentum of price towards the key level 1.0826.
Trade recommendation
Remain long with your take profit at 1.2248.