Remain bullish | 11 September 2023

Technical observation

USD bounced within the supportive zone 138.75-138.22 and since then it has been trading with an increasing bullish bias, today I expect a further surge to the upper side and if you are already holding bullish positions, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.67. If there is a clear rise above the level 151.97, wait for a correction and a bounce at the broken line before you continue long, however, should the price decline below the zone 138.75-138.22, I recommend that you remain neutral and wait for a correction to this zone before you short USD towards the levels 126.78, 112.70 and 102.50.

Trade recommendation

Remain bullish with your take profit at 151.97.