Wave Analysis
The Us Dollar pulled back to the lowerside perfectly to as previously forecasted, but is still above 110.836. As long as the price is above this weekly support, we expect a possible momentum further to the upperside with an ideal target at 114.191. The anticipated bullish price rally is the continuation of the impulsive wave (iii) to the upperside but should be capped around 114.191. Should the price break and close below 110.836, then we’ll remain flat and wait for a clear sign that we’re heading downwards.
Trade Recommendations:
Rebuy the US Dollar from 110.836 with your take profit at 114.191.
Origin: FreshForex
