Wave Analysis
Perfectly in line with the previous day’s forecast, the Us Dollar continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. Following the break below the previous week’s lowest low, we expect further momentum to the lower side and should break below 106.970 towards 104.970. If you are on this chart now, I recommend you look for long term sell orders with an ultimate target around 104.970, a break below this target will push the price much lower towards 101.210.
Trade Recommendations:
Remain short with your take profit at 105.263.
Origin: FreshForex
