Wave Analysis:
The US Dollar is currently trading with an increasing bearish bias momentum. While the price is contained below both the resistance trendline and also below 111.867, we expect nothing but a possible momentum to the lowerside. This trade is good is picked from the level 111.667. Conservative traders can wait for a rise towards 111.667 to pick a sell order, or a breakout above to pick a low risk buy order towards the level 114.20. Any breakouts will push the price even higher towards 117.52.
Trade Recommendations:
We’re short from 111.867.
Origin: FreshForex
