Wave Analysis
The Us Dollar is currently in an active down trend. While the price remains below the three lines of the Alligator indicator attached, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 103.425 towards 102.00 or even lower. If you are on this chart now, keep looking for long term sell positions expecting price to break beyond 103.425 with an ultimate target at 102.00.
Trade Recommendations:
Remain short with your target at 102.00.
Origin: FreshForex
