The dollar has currently been consolidating since the uptrend reversal and then downtrend reversal since March.

  • Scenario #1: Hold a SHORT position, possibly a breakthrough on the huge support apart of the consolidation.

  • Scenario #2: Hold a SHORT position, then when hitting the support around the 0.8205 mark you will create a LONG position.

The possibility of the dollar going below the 0.8205 mark seems unlikely, but anything can happen within the Forex market aye?

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