Elliott waves analysis – Keep looking for low risk sell positions towards 120.90.

During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. On this chart, following the rebound from 130.229, we eexpect nothing but a possible momentum to the lowerside. The idea here is to keep looking for low risk sell positions towards 120.90 and may likley extend much lower towards 120.90 or even lower.

Keep looking for low risk sell positions towards 120.90.