The dollar has finally managed to crawl up to the designated target, forming the upper boundary of the assumed ending diagonal pattern. It is possible that this marks the completion of the entire upward impulsive cycle, but let’s not rush to conclusions just yet.

Confirmation in the form of a strong impulsive decline is needed. Following this, look for opportunities to enter short trades on subsequent corrective rallies.

Alternatively, one can try selling at current market levels. In this case, potential losses will be minimal, as the price has just reached the target and the stop loss should be placed slightly above the current market value.

Recommendations: Sell at 158.90, SL 159.15, TP 155.50.