Wave Analysis
Recently, the US Dollar bounced off from the upper trend line, headed to the lower side slightly, we still expect further momentum to the lower side and should break below the supportive trend line. As long as the price remains below this trend line, expect further momentum to the lower side towards the supportive trendline. And in case the price breaks and closes above the upper trend line, then we expect further momentum to the upper side will be expected towards 110.010. A break below the supportive trend line will push the price to the lower side.
Trade Recommendations
Remain short towards 106.490.
Origin: FreshForex
