02 Februari 2022, EUR/USD
Technical observation
On the weekly chart above price has been trading with an increasing bullish bias despite my previous prediction of a rally to the lower side. This week, I expect a continuation of this upwards movement towards the resistance zone 1.1413-1.1375. If you are currently neutral with this pair, remain so and wait for a correction to the zone I have mentioned above then sell EUR within it with your take profit at 1.0697 and stop loss at 1.1619. As long as price is contained below the zone 1.1413-1.1375, I can only recommend bearish positions for this pair, bullish positions can only be recommended above the same zone.
Trade recommendation
Remain flat.