Wave Analysis:
After breaking below the supportive trendline, the Us Dollar continued to the lowerside but has now pulled back to the upperside but is now approaching a daily resistance level 111.867. As long as the price remains below the level 111.867, we’re within our seller’s territory, the idea is to wait for a seller’s dominant signal from 111.867. This view can only be invalidated in case the price breaks above 111.867, if this is the case, then we’ll expect further momentum to the upperside with the next ideal target being 114.24.
Trade Recommendations:
We’re waiting for a potential sell order from 111.867
Origin: FreshForex
