Recently, a clear breakout was seen when USD went below the immediate trend line acting as the diagonal to the triangular formation. Following the pullback towards the short term resistance line 109.69, I expect a rejection from this line, to short USD towards 104.0. Unless this resistance line is clearly broken to the upper side, I looking for a sell position seems more ideal. On the 4 Hour chart above, Conservative traders could wait and sell USD around 110.63 with TP still fixed at 104.0
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