Joined Jul 2018
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Watching this as well. I´d favor a short above a long today but it could be taking a breather [having some of those moving averages play catch up]. If 1.003 gives, 1.005 is the target, down, and it´ll need to at least target 1.00 and weaken up on any retrace from there. Still waiting on price to shown it´s hand.
U.S. Dollar has taken major support at 0.99834 against its counterpart Swiss franc after crossing support line in daily time frame chart. The line is drawn by joining lower lows with lower highs. The Commodity channel Index is heading towards north and Relative strength index also hovering above the range of 50.
Traders can leverage this opportunity by placing long position in range of 1.00100-1.00050 with a stop loss of 0.99834.
The take profit can be fixed at 1.00700 just before first resistance level at 1.00916.