Wave Analysis
Yesterday, the US Dollar rallied massively to the upperside but failed to reach the 4 hour resistance level 107.085. This is a key level and as long as the price remains below it, we expect a possible rally towards it but should not breakout above. This is a good sell place, we’re waiting for price to bounce off from it to pick a low risk sell order. A breakout above it will mean we’re continuing upwards with the corrective three wave cycle and should not go beyond 109.210, a break above this level will push the price even higher.
Trade Recommendations
Look for buy orders towards 107.085.
Origin: FreshForex
