Technical Observation: Since 26th April, USD entered into a consolidating, rallying only within the ascending wedge. I'm interested only in trading reversals unless there's a clear bearish breach below the lower trend line and most importantly a break below 111.36,if this should be the case, then its better to wait for retracements to the just broken zone to short USD towards 110.85. In the short term, a bearish move towards 111.62 is expected. My advice, short USD towards 111.62and your SL slightly above 112.00.
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