Elliott waves analysis – As long as the price remains above 133.736, we are buyers towards 137.850.

During the previous trading day, the US Dollar never made any significant moves to the upperside instead the price moved to the lowerside and is still showing signs of continuing much lower. On this chart, if the price breaks and closes below 133.5, then this will be an ideal place to consider a possible long term sell position towards 130.941. If this is the case, then a momentum much lower is expected. On the flipside, as long as the price remains above 133.737, we are looking for buy positions.

As long as the price remains above 133.736, we are buyers towards 137.850.