Wave Analysis
USD continues to pullback to the lowerside but is still few points above the upper trendline, if you are looking at this chart right now, we expect price to rebound from the same trendline to pick a low risk buy position towards 112.00 and may extend even higher. Should the price break below the same trendline, then we are likely to sell sellers dive into the market, with the next ideal target set around 108.90 and may extend much lower.
Trade Recommendations:
We’re short term sellers for now
Origin: FreshForex
