Recently, US Dollar successfully broke above 109. and has just retraced to the just broken retracement equilibrium zone. From the 4 Hour point of view, a long position is imminent. My advice therefore, go long but have your ST below the recent lowest low, 108.65 and a TP at 109.68. This view is only valid on the 4 Hour chart; the daily chart, however, paints a different picture indicating; we may be going long in the long run that the current upward move is a pullback.
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