The dollar has formed a head and shoulders pattern with a target of 113.90, and with stability above the 110.84 low, the pair continues to rise to target 112.35 and 112.88 in the short term, and it may retest the daily trend at the R2 monthly resistance and the price is 113.30. The rise to the objectives of the formed model may extend over four hours and target 113.90 km per drawing.

On the other hand, a break of 110.84 weakens the pair and restores attention to 109.70 levels.

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