After bouncing off from the daily resistance line 114.30, Usd has been trading with an increasing bearish bias, and is still showing signs of falling even further. Just the other day, a slight pullback was seen and now the price is rallying even lower. I expect further momentum towards 108.41 or even lower. The key hurdles on the lower side include 111.20, 110.10 and 108.41, if these three lines are breached, then I expect further decline towards 101.30. On the other side, a buy position may be advised if the price goes above 114.30.
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