Short if 107 holds and price action remains in the channel. Price likely to move back to the first support level.

However, a break through the channel could see upside to 107.37.

The dollar and S&P seen a bounce after sharp declines, but this is likely to be short lived.

Outlook til the end of the week.
dollarForexshortSPDR S&P 500 ETF (SPY) USDUSD (US Dollar)yen
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