Weekly Analysis
The US Dollar continues to rally below the upper trendline but is still very much bearish. As it is now, we are looking for possible long term sell position towards the lower trendline. Ultimately, we want to see a break below 107.730 towards 106.920 and may extend much lower. On the otherside, should the price break above the upper trendline, then we will be looking for a possible long term buy position with an ultimate target set around 110.940 and may breakout much higher towards 115.00 or even higher.
Trade Recommendations:
We’re sellers towards 107.730.
Origin: FreshForex
