Wave Analysis
The Us Dollar is currently in an active downtrend. Yesterday, the price successfully sustained the move below the lower trendline and is still pretty much bearish both on the daily and on the 4 hours chart. Following this break, we took a short position and is still holding, our expectations is that the price should continue to the lower side and should break below 108.160 towards 105.0. At this point, a sustained move below 108.00 will mean we are still sellers with an ultimate target around 105.00.
Trade Recommendations:
Remain short.
Origin: FreshForex
