Wave Analysis
After establishing a swing high around 106.100, the US Dollar corrected itself to the upper side and is currently approaching the 38.2% fib level, this is a key resistance level and in case the price fails to break above it, we will be waiting for a low risk sell position. A break above this level will call for a long term sell position with an ultimate target around the swing high established yesterday, a break below this swing low may mean we are continuing to the lower side with an ultimate target around 105.00.
Trade Recommendations:
Wait for a sell from around 106.690.
Origin: FreshForex
