Recently, USD rose above the resistance line 111.60 thereby taking out my SL. Unless there's a clear bearish breach below this line, I expect a move to the upper side. In the meantime, I'm waiting for a clear breakout confirmation pattern to confirm that buyers are now in full control and that no more sellers are available. On the 4 Hour chart above, long positions seems more ideal but a confirmation that the break above 111.60is genuine is worth waiting for.
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