Support at 1.11934 is holding very well there could be a possible rise in price as the support was hit and rejected last night. Price is still below the 200EMA thought which goes to show there could still be some Bearish bais, with all of the other EMAs in the correct formation for a bearish market. RSI hovers just below 50 which also shows bearish bais in this market. I will not take a short in this one unless price break that long holding support as i am not confident of price breaking anytime soon. I would take a long position when RSI comes above the 50 and 10EMA crosses the 20 EMA with ease and a bullish candle follows. I will also be looking for the break of this 200EMA which will indicate that bias has changes and price could be helped up. I will also see how price reacts to this descending triangle because as we all know price usually likes to break this formation to the bullish side so keep an eye out for that.
A lot of news out later we will see how this effects the USD.
A lot of news out later we will see how this effects the USD.