Recently, a breakout was observed when USD went below the bearish flag and is still rallying below it. Following the retracement towards 111.35, I expect further decline towards 109.73 and may decline further low. On the 4 Hour chart above, sell orders seems more ideal and can be recommended unless 111.35 is clear breached to the upper side by a big green candle. This being the case, an ascend towards 114.35 seems more ideal.
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