From a trading standpoint, We can see an exhaustion (short-triggers) on a move into the upper resistance. Be focused and seek political news, Trump comments which can sink dollar down.
"The U.S. dollar tumbled on Thursday after President Donald Trump said he preferred the Federal Reserve keep interest rates low as the dollar is getting too strong."
If you agree...
I'm already in short after shorting from resistance line. I supported my short with other trading style called Clones.
In my opinion Fib 0.5 is the highest possible level it can reach, if FED will raise Interest rates.
Current view (End of Friday) :
After reaching current bottom support, price is now making retrace back.
On 1h chart we can see that there is a strong RSI divergence, which means that before December 14 news (Fed Interest Rate Decision - 19:00 GMT) price may retrace to previous resistance level (1.06280 - green arrow) or...