Wave Analysis
Since last week, the US dollar entered into a range, not going above 107.359 or below 106.760. As long as the price remains within this range, we are waiting for either a break above 107.359 to pick a long term buy position, or a break below 106.760 to pick a long term sell position. Alternatively, if the price bounces from 106.760, then this will be a good buy place, and in case it bounce off from 107.359 to pick a sell position. This chart is good for reversal traders. Where we sell from 107.359 and buy from 106.760.
Trade Recommendations:
Wait for a possible buy from 106.760.
Origin: FreshForex
