USD is currently rallying below it's daily pivot line 111.50. Unless this pivot line is clearly breached to the upper side with a big green candle, I expect a decline towards 110.63 and a breakout below to continue short towards 109.00. On the 4 hour chart above, if you didn't go long on the first retrecament towards 110.63, you could wait for a second pullback towards 110.63 then long USD around this line. A breakout will mean the price may continue short thereby short positions will be ideal
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