Wave Analysis
Yesterday, the US Dollar continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. If you are looking at this chart now, keep looking for long term sell positions expecting the price to break below the blue alligator line towards 104.959. As it is now, buy positions looks very risky and may not be recommended, however, should the price rebound from 104.959 or breakout above the upper trendline, then this will be a good place to consider a possible long term buy positions.
Trade Recommendations:
We’re short with our target at 104.959.
Origin: FreshForex
