Remain flat | 25 June 2019

Technical observation

USD has been declining steadily towards a supportive level 106.46 and is currently trading above it on an increasing bearish momentum, my expectation is either a rejection of price at the line or a clear break below it with a big red candle. In case of a bounce at 106.46, wait for a correction to the zone 108.81-108.62 and a bounce within it to re-sell USD with your take profit at 106.46, and should there be a break below the line 106.46 wait for a retracement to it before you sell USD with your take profit at 104.63 and stop loss at 107.24, if you went within 108.81-108.62 and is still in the trade, pick your profits at 106.46.

Trade recommendation

Remain flat.