Wave Analysis
The US Dollar continues to remains below the upper trendline and is still pretty much bearish. As long as the price remains below this trend line and is still pretty much bearish. If you are looking at this positions right now, keep looking for long term sell positions towards 104.959 towards 102.240 or even lower. And the flipside, should the price break again above, then further momentum to the upperside ix expected with the next ideal target set at 116.00 and may extend much higher.
Trade Recommendations:
We’re bearish towards 104.959.
Origin: FreshForex
