According to Lucas, at daily hammer at last week’s 15 month low has signalled a profit taking recovery. At the same time, positive US data have put the rate rise back on the table, he adds. The US dollar did see some losses on Monday, But Lucas says Tuesday’s signals remained bullish. He is looking to buy modestly at market and then at 113.3 with a stop loss at 112.91 and his targets are 114.88 and 116.33.