Wave Analysis
The US Dollar continues to make lower lows and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 109.160, we expect nothing but a possible momentum to the lowerside, The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 107.710 towards 105.00 or even lower. As it is, only sell positions looks ideal and can be recommended, but should price break above the previous week’s highest high, then we may consider a low risk buy.
Trade Recommendations
Look for low risk sell orders.
Origin: FreshForex
