Wave Analysis:
During then previous trading day, the US Dollar pulled back to the upperside but is still a few pips below 109.626-109.771. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside. Conservative traders can look for sell orders now with an ultimate target at 107.657. You can place a pending sell limit order around 109.771-109.626, with your stoploss above 110.200, and take profit at 107.657. A break below 108.900 will be a confirmation that we’re heading downards.
Trade Recommendations
We’re looking for a sell from 109.771-109.626.
Origin: FreshForex
