Wave Analysis
During the previous trading day, the Us dollar continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts, as long as the price remains below 106.645, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 106.480 towards 106.395. If you are looking at this chart now, expect further sell positions towards the next level and should break much lower towards 105.00.
Trade Recommendations:
Remain short.
Origin: FreshForex
