Wave Analysis
Perfectly as we forecasted few last week, the US Dollar rallied to the upper-side and is still pretty much bullish both daily and the weekly charts. As long as the price remains above 111.665, 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 (c) and should break above 114.192 towards 117.883. And on the other side, should the price break below 111.665, then this will be a good place to look for a long term short position towards.
Trade Recommendations:
We’re long towards 114.192
Origin: FreshForex
