Wave Analysis
Just as previously anticipated, the us dollar continues to correct itself to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price is held below the previous Friday’s lowest we, we expect a possible momentum to the lower side and should break below 106.980 towards 105.263. A sustained move below 104.970 will be a good confirmation that we are continuing to the lower side with an ultimate target around 100.980 and the next target being 100.0.
Trade Recommendations:
Sell a sustained break below the Friday’s lowest low.
Origin: FreshForex
