The dollar was unable to continue its strengthening. The 61.8% Fibonacci retracement level appears to act as an insurmountable barrier for the price. Thus, the assumption of a sustained impulsive decline is highly likely to materialize.

The price is cautiously attempting to move downward, and over time, the rate of decline is expected to increase, pushing the dollar down to previously established local lows—a considerable distance away. This presents an opportunity for potentially good profits by entering short positions as early as possible.

Recommendations: Sell at 153.00, SL 153.35, TP 140.00.