I think that the rise started from 98.80 is wave C of the movement started from 95.73. It could be already over and if this assumption is correct, a sharp fall to minimum 98.80 and more likely a new low below 95.73 should be expected. With an eye on these extremely bearish expectations I entered short position. A key resistance is 102.60
Trading strategy: 11:02 EST; 16:02 GMT
Short position from 101.57, stop loss - 102.65, target - open
Confidence level medium
This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.