Wave Analysis
The US Dollar continues to make lower lows perfectly as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts. If the price can break below the previous day’s lowest low, then this will mean we’re continuing to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 106.580 towards 100.00 or even lower. An on the flip side, in case the price breaks above the previous day’s highest high, then this will mean we’re looking for buy order.
Trade Recommendations:
Sell the US Dollar towards 105.21.
Origin: FreshForex
