Recently, Usd Pulled back slightly higher than I expected, but is still below 114.30. Unless the price clearly breaks above 114.30 with a big green candle, I'm still optimistic that the price could get rejected around 114.30, so that I pick a short position with my first take profit at 108.15, or even lower. If the price should rise above 114.30, then further rise towards 118.00 or even higher is expected, as it is, only a short position can be recommended upon a rejection from 114.00.
Technical Levels
Resistance levels
R1: 113.61
R2: 114.06
R3: 114.8
Pivot
113.36
Support Levels
S1: 111.83
S2: 112.57
S3: 112.87
Trade Signal
Short Usd around 114.30 with a take profit at 108.15
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