Wave Analysis
After gapping to the lower side, the US Dollar is still above the level 110.836. As long as the price is contained above this level, we’re waiting for a signal that the current corrective wave (ii) is ended so that we buy the last impulsive wave (iii) with an ideal target at 114.025. A break above this level will push the price further to the upperside with the next ideal target being 117.075. The anticipated bullish price rally is the continuation of the larger impulsive wave [c] with an ultimate target at 117.10.
Trade Recommendations:
Rebuy the US Dollar from 110.38 towards 114.191.
Origin: FreshForex
