Wave Analysis:
The US Dollar is currently trading below a weekly support 108.550. This is a key level and as long as it keeps price to the upperside, we expecting a possible surge even higher. Te price attempt to close above 108.550 failed when the US Dollar close just a couple of pips above its opening price. We’re waiting for a clear sign that we’re below 108.550 to pick a long term sell position towards 104.00. A rise above 108.550 may attract a long term long position towards 110.00 or even higher 114.00.
Trade Recommendation:
Wait
Origin: FreshForex
