Usd is currently trading slightly above its daily pivot line 112.59. Unless there's a clear breach below this pivot, I expect a rise towards 118.00. On the way upward, key resistance line can be seen around 113.39, 114.05 and 116.00. If these lines are clearly breached, then a rise towards 118.00 is expected. On the hourly chart above, only a buy position can be recommended towards 113.19, if this line is again broken, then I'll be good to remain long with my final take profit fixed at 118.00.
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