14 Maret 2022, EUR/USD
Technical observation
The last two consecutive candles on the chart above declined steadily and as long as the value of this pair is sustained below the level 1.1120 I expect a continuation of this downwards movement towards the supportive level 1.0768. If you picked short positions at 1.1120 after a bounce, remain in the trade with your take profit at 1.0768 and stop loss at 1.1270. Should there be a clear breakout below the level 1.0768 with a big red candle, there is a possibility of a further surge in price after a correction to the broken line, On the chart above, I can only recommend bullish positions in case of a clear break above the level 1.1120 with a big green candle.
Trade recommendation
Remain short with your take profit at 1.0768.