Wave Analysis
Despite the previous correction of the impulsive wave (c) to the upperside, the US Dollar is still below the 4 hour level 111.36. The level 111.36 is a good sell place and while the price is below it, we still expect the impulsive wave (c) to extend to the lowerside but should not go below 108.53. The best place to sell this pair is not when the price is below 108.53, but is the price is below 107.82. This view can only be invalidated in case the price breaks above 111.36, if this is the case, then a rally towards 113.45 is expected.
Trade Recommendations:
Short below 107.82
Origin: FreshForex
