The pair created a new wave.

Despite the likelihood of complications in trade relations between the US and its allies, the reserve currency continues to rise.

Macroeconomic data from the EU does not yet allow us to change the trend of our pair. At the moment we expect the continuation of the dollar rally, despite the previous decline in indices and shares of technology companies.

On the daily chart we see the completion of a complicated second wave and the formation of a third wave. Our pair is now near the annual minimums and is quite ready to overcome them.

Therefore, we advise you to look for points to enter short positions and establish sto- loss and take-profit at the resistance levels.