During the last two trading days, the US Dollar traded to the lowerside but is very bullish on the higher time frames. As long as the price remains above 112.90, we expect a possible retracement to this level to pick a long term long position with an ultimate target at 118.00. In the meantime, should the price break above 114.00 to pick a long term long position with the first target at 118.00. If this target is broken, then further momentum to the upperside is expected with the next ideal target being 121.00
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