Wave Analysis
During the previous trading day, the US Dollar went below the supportive zone 112.66-112.63, and is still rallying below this zone, As long as the price remains below this level, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 112.35, if this is the case, the n a momentum towards 108.00 is expected. As it is, we don’t recommend looking for buy positions only sell orders looks more ideal.
Trade Recommendations:
We’re short from 112.66-112.63.
Origin: FreshForex
