Wave Analysis:
The US Dolar is currently on an uptrend on this chart.The price recently ralliend to the upper side and is on the upper trendline in continuation of the impuslive wave cycle five and seems like its retracing back to the lower trendline.If you are looking at this pair right now,pick short term sell position from 121.02 towards 120.50.We expect the price to continue upwaards after the current retracement.
Trade Reccommendations:
We are short term sellers towards 120.50.
Origin: FreshForex
