Wave Analysis:
Despite the previous forecast that the Us Dollar could gain value tremendously, the Us Dollar barely moved an inch to the upperside and could not go beyond the monthly resistance level 113.23. We’re patiently waiting for a clear breakout above this level to confirm that we’re long with an ultimate target at 117.115, the anticipated bullish price rally should be impulsive in nature and should first go beyond 113.21. The other best place to buy this pair is if the price goes above 117.115, if this is the case, then a rally further to 125.00 is expected.
Trade Recommendation
Buy the Us Dollar above 113.21 with your take profit at 117.115.
Origin: FreshForex
