Technical observation
USD rose to the key level 151.89 and bounced at it, since then the price has been trading with an increasing bearish bias and today, I expect a further surge to the lower side, this downwards movement is a correction to the zone 147.33-147.58 and my expectation is either a rejection of price within it or a clear break below it with a big red candle. If the price is rejected within this zone, re-buy USD within it with your take profit at 151.8 and stop-loss at 146.18, however, in case of a clear penetration below this zone, wait for a pullback to t before you short USD towards the supportive levels 143.68 or lower.
Trade recommendation
Remain neutral.
Origin: FreshForex
