Recently, we witnessed a possible false break above 109.17; the USD broke above it, but is now below it. On the 4 hour Chart above, a short position towards 108.26 is looming. I'm short in this pair with my SL above the Friday's highest high, 109.49 and my TP at 108.26. A bearish breach below 108.26 will push the price towards 106.62.
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