Since the dollar has reached the bottom of a 4-year range while completing a full Elliott wave, the price has begun a sideways market.
As seen in early 2018, it took about 3 months for the ranging market to be completed and broke out into a trend.
As of now, the dollar seems to have confirmed its range top and bottom at 91 and 89 respectively.
Last week, we saw that the dollar was rejected at the range top and started forming a downward trend.
Therefore, we will continue to sell the dollar this week if the price continues to stay resisted under 90.5 and until it reaches near enough to the range bottom around 89.7.
As seen in early 2018, it took about 3 months for the ranging market to be completed and broke out into a trend.
As of now, the dollar seems to have confirmed its range top and bottom at 91 and 89 respectively.
Last week, we saw that the dollar was rejected at the range top and started forming a downward trend.
Therefore, we will continue to sell the dollar this week if the price continues to stay resisted under 90.5 and until it reaches near enough to the range bottom around 89.7.
