Wave Analysis:
Yesterday, the US Dollar rallied to the lowerside and is still pretty much bearish both on the daily and on the 4 hours chart. As we mentioned during the previous session, we are looking forward to a possible long term sell position and may see the price break and close below 1.1167 and may extend much lower. As it is right now, we keep looking for a possible low risk sell position, buy positions, or holding onto a buy position looks a bit risky and may not be recommended.
Trade Recommendations:
We’re sellers towards 1.1190
Origin: FreshForex
