Wave Analysis
During the previous trading day, the US Dollar corrected itself to the lowerside and may extend further to the lowerside. We expect this downward rally to be a corrective wave count but should not go beyond the daily short term support level 111.040. If you went long previously upon a break above 111.040, leave this position open, if not, then wait for this correction to rally even lower towards 111.040 to pick a long position. With this long position, you take profit should be fixed at 118.42.
Trade Recommendations:
Correction
Origin: FreshForex
