Elliott waves analysis – We’re sellers towards 130.90.

During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. As it is right now, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should see the price rally much lower towards 130.00 or even lower. On this chart, keep looking for low risk sell positions.

We’re sellers towards 130.90.