Wave Analysis
The Us dollar continues to rally below the upper trendline. While we continue to see this struggling, we are waiting for a clear rebound from the upper trendline to pick a possible long term sell position towards 104.959-104.588. A breakout below this zone will mean we are continuing to the lowerside with the next ideal target set at 100.955. On this chart, a clear breakout above the upper trendline will mean we are continuing to the upper side with the next ideal target at 114.103. A break above this level will mean we are continuing upwards towards 118.00.
Trade Recommendations:
Expect a possible sell position from the upper trendline towards 104.959.
Origin: FreshForex
