Wave Analysis:
Last week, the US Dollar rallied to the lower side and is still showing signs of continuing much lower. As it is right now, we expect further momentum to the lowerside and should break below 110.80 and may continue much lower. If the price breaks and closes above the previous week’s highest high, then this will be the best place to consider a possible long term buy position with an ideal target set around 118.90 and may continue much higher. As it is right now, we are strictly sellers for now.
Trade Recommendations:
We’re sellers towards 111.40.
Origin: FreshForex
