Wave Analysis
The US Dollar is currently heading to the lowerside. Following the rebound from 116.215, we expect further accelaration to the lowerside and may see the price bounce off from the lower trendline. If the price breaks below this trendline, then further momentum to the lowerside is expected with the next ideal target set at 113.725. On the bulls side, if the price rebounds from the lower trendline, then this will be an ideal place to consider a possible long term buy position towards the upper trendline.
Trade Recommendations:
We’re sellers for now.
Origin: FreshForex
