Wave Analysis
During the previous trading day, the US Dollar declined steeply and is now below 110.816. This is a sign that the sellers are coming it, but instead of selling immediately, we’re waiting for a weekly close below 110.836 to pick a sell order. But should price pullback upwards, and close above 110.836 by the end of this week, then this will be an ideal place to buy the next impulsive wave (iii) towards 114.192. A close below 110.836 will invalidate the anticipated bullish price rally and could push price lower towards 108.471.
Trade Recommendations:
Wait
Origin: FreshForex
