Notice that the breakout from 110-29 to 111-00 a three ticks move did not reach 2500 volume so that is why there is no follow thru higher than 111-00
Lot of spoofing aka the flipper in notes/bonds, esp. when volume thins out late on a Friday. She'll fade ... if not today then early Monday.
No, I would wait to see what kind of formation is doing in the next hour keeping in mind that it needs to test that 111-00 more than 110-28 to go higher, otherwise is an even match AGAIN between the BULLS and BEARS
This is a very weak trend and is not getting any help from the Equities which are probably doing new highs. When that happens it is better to NOT be long due to the flight to quality ( to Equities) affecting the trade.
Only when is breaking key Support and Resistance levels on the Dollar Weekly chart. ( my observation )