Remain short towards 102.642.

21.01.2021

Within last trading day, the US Dollar has increased the lowerside and is still too bearish both on the daily and on the weekly graphics. While the price is below the upper trendline, we do not expect anything except possible impulse to the lowerside. The projected bearish price rally is the continuation of the last impulsive wave to the lowerside and should break the level below 102.642. The idea is to observe the pullback towards the upper trendline to choose a sell position with low risk.

Trade Recommendations:
Remain short towards 102.642.