Wave Analysis
The US Dollar is currently pulling back to the upperside. This pair is however being shielded by the upper trendline. We’re waiting for either a breakout above this trendline to confirm that we’re upwards, or a bounce to pick a sell. As it is on the monthly chart attached, the best place to look for a sell from is if the price can break below the supportive trendline. If this is the case, then we’ll expect a possible momentum to the lowerside with an ultimate target at 77.455. According to the chart attached, we recommend you remain flat.
Trade Recommendations:
We’re flat
Origin: FreshForex
