Remain short towards 107.290. | 26 May 2021

Wave Analysis

The US Dollar continues to rally to the lowerside. While we're held below the blue line, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective wave count and should break below 107.290 towards 105.530 or even lower. On the flipside, should the price break above the upper trendline, then further momentum to the upperside is expected with an ideal target set at 111.230 and may breakout higher.

Trade Recommendations:

Remain short towards 107.290.

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