Wave Analysis
We’re yet to see any clear signs that the US Dollar will continue with its momentum to the lowerside after the failed attempt to break above the upper trendline. As it is now, we wait to see a clear rebound from the same trendline to pick a possible long term sell position expecting the price to break below 104.595 towards 100.685. On its way downwards, the key levels to look for include 107.015 and 105.960. On ths upperside, should the price break above the upper trendline, then we are upwards towards 114.101.
Trade Recommendations:
Wait
Origin: FreshForex
