FX.co ★ Technical analysis of USD

USD:

The chart shows the movement of dollar on the hourly chart (H1).

#USD quotes have reached the key support level of 106.24, which is decisive in the future dynamics.

Technical analysis says it is set for a protracted correction towards 109.00-109.20, provided that the support level of 106.24 is not in danger.

This means that traders should take long positions, with very short SL near 106.20.

Good luck!