Listed below ideas assume that US dollar will rise modestly before Yellen's Congressional testimony on Tuesday & Wednesday. Ideally, I would like to buy the dollar lower when other currencies rise a little on Monday and have these trades a bit ahead in the green when before Yellen speaks. If she sound dovish all the trades should just brake even, but I'm hoping to hear some clues that markets will take as a signal for March rate hike. If so, buying US dollar should be quite profitable next week.

EUR/USD - short at 1.0653 with stop loss above 1.0712
Targeting 1.0550 & 1.0490 levels

EUR/GBP
- short at 0.8545 with stop loss above 0.8575
This one has actually not much to do with dollar, but it is something I already discussed in my previous blogs. Long story short, I think pound will fall slower than euro at some point.

GBP/USD - short at 1.2537 with stop loss at 1.2582
The first target is 1.2370, could be extended all the way to 1.2200

USD/JPY - long at 113.02 with stop loss 112.44
The first target for this trade is 114.40, could be extended all the way to 115.50 level.

There is one more trade that I'm considering and that's EUR/JPY. For a long time many analysts expected it to brake lower, I didn't see it till now. But Friday's long-wick candle formation on a daily chart looks very bearish. The entry would be between 120.80 & 121.00 with stop loss above 121.48
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