Wave Analysis
Instead of rally to the upperside, the US Dollar pulled back to the lowerside but is still pretty much bullish both on the daily and the monthly charts. As it is on the monthly chart attached, we’re waiting for a breakout above 113.677 to confirm that we’re long with an ideal target at 117.115. According to the monthly chart attached, only buy positions looks more ideal, but is you have to sell then, wait for a clear breakout below the supportive trendline to look for a long term short with an ultimate target at 99.750.
Trade Signal.
Buy the US Dollar above 113.677 towards 117.115.
Origin: FreshForex
