Wave Analysis:
The US Dollar previously moved to the upper side masssively in continuation of the impulsive wave cycle five.The price is currently in a corrective move,I expect a rebound from the corrective wave (b) to wave (c) then bounce back to the upper side.As long as the price remains above the resistance level 122.01-121.57,we are buyers,if you are looking at this pair right now pick a short term sell positon from 123.94 towards 121.57.
Trade Reccommendations:
We are short term sellers towards 121.57.
Origin: FreshForex
