Yellen has knocked the dollar down again and filled all charts with spikes. Even though moves were rapid and relentless at times, they have provided good intraday trading opportunities nonetheless. Today also we are just going to highlight the levels we are interested to trade against without any particular strong bias about the mid/long-term direction of the currency pairs. Only thing we are looking for are few pips from those levels and move on. Sometimes even those hit and run trades give good opportunities if you can learn how to manage trade with multiple legs.
- Resistance - 1.1330/40 , Support - 1.1300 / 1.1285