USD rose almost 170pips but is currently facing a notable resistance zone 111.60-111.38. On the 4 Hour chart above, this is a key sell zone and only a clean breakout above it will trigger further long positions. Buy above 111.60 towards 112.15; sell on bouncing off from 111.38-111.60 with your Sl slightly above 111.60 and TP 109.72. My Advice, remain flat for now and only short USD on bouncing off from 111.38.
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