Sell the US Dolar from 111.010 | 06 May 2019

Wave Analysis

Earlier today, the US Dollar gaped below a key supportive trendline, as long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside. The gap below this trendline implies a possible rally to the lowerside. If you're looking at this chart at the moment, the best is to wait for the current gap to fill, then we'll pick a low risk sell with our stop loss above Friday's highest high. Conservative traders can place a pending sell limit order slightly above Friday's closing price with a stoploss above 111.950, and take profit at 110.60.

Trade Recommendations:

Sell the US Dollar from 111.010.

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