After a significant drop, price has started to retrace and is bouncing on the ascending trend line.
Currently, price is approaching to the resistance level at 95.700 for a retest, if price gets rejected from this level, we should wait for the downside breakout on the trend line and candle closure below it, to expect a drop on US dollar.
On the other hand, if price breaks the resistance level and closes a bullish candle above this level, it may rise to the last major high at 96.200
Currently, price is approaching to the resistance level at 95.700 for a retest, if price gets rejected from this level, we should wait for the downside breakout on the trend line and candle closure below it, to expect a drop on US dollar.
On the other hand, if price breaks the resistance level and closes a bullish candle above this level, it may rise to the last major high at 96.200
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