Wave Analysis:
During the previous trading day, the US Dollar pulled back slightly to the lowerside despite the previous forecast that this pair could gain value. Despite this, we still expect further momentum to the upperside with an ultimate target 118.00. Ideally, as long as the price remains above 114.209, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of both the impulsive waves (v) and (5) and should break beyond 116.50 towards 118.00 and could break higher towards 121.00.
Trade Recommendations
We’re long as the price remains above 114.00
Origin: FreshForex
