Remain long | 25 September 2020

Technical observation

USD retraced to the zone105.22-105.16 it had recently broke above and it bounced within it. Price was contained within the zone and is currently trading with an increasing bullish momentum. I expect this upwards movement to continue to the resistance line 104.46 followed by either a rejection at the line or a clear breakout above it with a big green candle. My advice, if you bought USD within the zone 105.22-105.16 after a bounce, remain long with your take profit at 104.46 and stop loss at 104.86. As it is on the chart above, only bullish positions looks ideal and can be recommended.

Trade recommendation

Remain long with your rake profit at 104.46.