Wave Analysis
During the previous trading day, the US Dollar moved significantly to the lowerside and even went below the supportive trendline. As long as the price remains below the supportive trendline, we expect a possible momentum to the lowerside with the next ideal take profit at 107.90. This view can only be invalidated in case the again breaks and closes above the upper trendline, if this is the case, then further momentum to the upper side is expected with an ultimate target at 109.50.
Trade Recommendations:
You may look for a long term sell with your take profit at 107.00.
Origin: FreshForex
