Previously, USD rose above the short term resistance zone 111.60-111.38but immediately dived below it again. On the 4 hour chart above, this is a possible false breakoutand unless there's a clean breakout and a clean retracement to this zone, I expect the price to plunge down to 109.72. My advice, unless there's a clear bullish breach above the zone marked above, you should consider a short position with SL above the previous day's highest high 111.77 and TP at 109.18.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .