Wave Analysis
During the previous trading day, the US Dollar continued to decline and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 114.32, a weekly resistance, we expect this pair to decline even further. As it is currently this pair is around 109.680, this is a key daily support and as long as the price remains above it, we’re looking for a buy order. A clear breakout below it will mean we’re looking for a long term sell order towards 100.21.
Trade Recommendations:
Wait
Origin: FreshForex
