Recently, Usd failed to go as per the last analysis, rather, it recovered slightly to the upper side and is still showing signs it could recover even further. 108.18 is a key daily support line and unless there's a clear breakout below it with a big red candle, I expect a rejection from this line to pick a long position towards the upper trend line. A breach below this support may push the price to the lower side probably towards 102.54. On the way downwards, key lines to check for include 106.77, and the next support line at 105.01. As it is, I can only recommend a long position towards the upper trend line.
Technical levels:
Resistance levels
R1: 109.77
R2: 109.96
R3: 110.5
Pivot
109.35
Support Levels
S1: 108.34
S2: 108.88
S3: 109.23
Trade Signal
Look for a long position towards the upper trendline.
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