Wave Analysis
After a failed attempt to break above the upper trendline, the US Dollar continues to remain below the upper trendline. This is a possible sign that sells are back in control on this chart. As it is now, we are looking for long term sell position expecting the price to continue to the lowerside and should break below 104.959 towards 101.480. On the flip side, should the price breakout above the upper trendline then further momentum to the upperside is expected towards 114.101.
Trade Recommendations:
We’re sellers towards 104.959.
Origin: FreshForex
