Wave Analysis
After an attempt break below the supportive trendline, the US Dollar rallied back to the upper side and is now above the upper trendline. As long as the price is above this trendline, we expect the impulsive wave (c) to continue to the upperside and should not go above the upper trendline. And on the other side, should the price broke out below the lower trendline, then we’ll wait for a possible pullback to the just broken trendline to pick a long term short position with an ultimate target at 111.45.
Trade Recommendations:
We’re long
Origin: FreshForex
