Technical Observation:
Usd is currently approaching a key intraday sell zone 112.25-112.87. On the 30 minutes chart above, I expect a rise towards this zone, and then a rejection to pick a short position towards 112.08, should the price breakout above 112.25, then I'll wait for another break above 112.87 to confirm a bullish price rally towards 118.00. As it is on the 30 minutes chart, I choose to remain flat and on consider a short position in case the price is rejected from 112.75. On the way downwards, the key lines to look for include 112.15 and 110.00.
Technical Levels
Resistance levels
R1: 114.04
R2: 114.62
R3: 116.22
Pivot
112.09
Support Levels
112.09
Support Levels
S1: 109.82
S2: 111.42
S3: 112.44
Trade Signal
Flat
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