Wait | 25 June 2021

Technical observation

For two consecutive weeks now USD went up and is still showing signs of rising to the resistance level 114.54. Right now price is trading between a supportive zone 104.74-104.22 and a resistance level 114.53 and as long as it is between the two levels remaining neutral is ideal than picking any positions. In case of a rise to the level 114.53 followed by a clear breakout above it with a big green candle, wait for a correction to the just broken line and a rejection at it confirming further bullish movements if price before you pick bullish positions towards the key level 125.70. I can only recommend short positions below the zone 104.74-104.22.

Trade recommendation

Remain neutral.