Elliott waves analysis – We are short from 113

USD spiked above a key level (111.402) but the price is still below the key zone 113.50. On the previous forecasts, we expected a possible breakout above 113.20 to culminate into further movements to the upper side but as it appears, the US Dollar may likely bounce from 113 to the lower side, this is not to say that the price may not go above 113.00, on the contrary, should the price break above this level, then an acceleration towards 114. Or even higher to 118. Is expected. Right now we are looking for a sell place around this zone 113.000.

We are short.

!Attention!

All bonus participates in drawdown!

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