The dollar is trying to follow the short trend that's been going on since September 10th, and, on the daily graphic, break the support at 1.5941 once and for all. Today's data from the UK will give a little direction to the pair and then we'll wait for the US data. If that level is lost, we could see a large advance of the dollar to 1.5727 dollars per pound today. On the other hand, if the support at 1.5941 stays in place, the price will slide with target at 1.6183 dollars per pound.

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