Dollar’s rebound after intra-day fall to 1.0481 suggests a temporary low has been formed there and consolidation with mild upside bias remains, break of minor resistance at 1.0564 would add credence to this view and bring retracement to the Ichimoku cloud area (now at 1.0614-18) but reckon renewed selling interest would emerge there and bring another selloff.
View full post on Forex Trading Ideas