Wave Analysis
The US Dollar is still within the rising channel formation. As long as this pair remains within this channel we expect a possible momentum to the upper side. But should the current week’s candle close below the close of the previous week’s closing price price, then this will be an ideal place to look for a long term sell towards the weekly support support set at 108.21. According to the current chart set up and structure, we recommend remaining flat, but should the current week’s candle close below the close of the previous week’s close, then we’re short.
Trade Recommendations:
Flat
Origin: FreshForex
