Wave Analysis:
Currently the US Dollar is within a range, not going above the upper trendline or below the lower trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set around 107.550. If the price rebound from the lower trendline, then we are expecting further momentum to the upperside is expected with an ultimate target along the upper trendline and may breakout even higher.
Trade Recommendations:
Wait and buy a rebound from the lower trendline.
Origin: FreshForex
