Elliott waves analysis – We’re waiting to buy a rebound from 127.400.

During the previous trading day, the US Dollar rallied to the upperside, tried breaking above 130.94 and may see the price rally to the lowerside towards 127.400 and may break to the lowerside towards 120.00 and may push the price much lower. On this chart, if the price rebounds from 127.400, then this will be a good place to consider a possible long term buy position towards 130.94 and may rally much higher.

We’re waiting to buy a rebound from 127.400.