although 110 could be tough nut to crack, there is an ab-cd move completion at 108.75 area, as well as a daily MA in the region (currently at 108.48) and the 50% retracement from the last long leg up from 100 level to 118.5
placing buy order with stops under the aforementioned MA
and there are several areas that could be good locations to go long-the-dollar again.
first area is around 99.31 at the neckline resistance, followed by 2 confluence areas - the first around 97.84 area, the second around the 96.45 area
A tad agressive to enter here, but could be potentially be Yuge pips :)
head and shoulders on daily time frame and broken trendline on lower timeframe - the retest of this could be used to enter.
place three TPs at the neckline, previous resistance and support
short or long... looking at what PA is telling us over the next couple of hours/days.
stoch and rsi seem to favour the resistance to hold (both overbought), which it now has for a few days already, and a resumption to downside. could play that with tight stops....