Expecting a momentum to 135.03 | 09 June 2022

Technical observation

USD retraced to the supportive the 126.78-126.34 but did not break below it, instead it bounced within the zone and since then it has been trading with an increasing bullish bias and I expect a continuation of this upwards movement to the resistance level 135.03 followed by either a clear break above it with a big green candle or a bounce at it followed another correction to the zone mentioned above. If you’re currently holding bullish positions with the pair above, remain in the trade with your take profit at 135.03 and stop-loss at 123.86. I can only recommend short positions in case of clear of a clear break below the zone 126.78-126.34.

Trade recommendation

Remain long with your take profit at 135.03.