Wave Analysis;
The US Dollar is currently trading in an expanding wedge formation, the price has been trading within the upper and the lower trendline and currently the price is on the upper trendline. I expect a further bearish momentum towards 126.45 in continuation of the impulsive wave cycle five. On the flipside, should the price break above the upper trendline, then 134.20 would be a good place to pick a buy from. As at now, we are sellers from 133.17 towards 126.45.
Trade Recommendations:
We are short.
Origin: FreshForex
