Wave Analysis
The US Dollar is not doing much, we’re still above the weekly support 110.818. As we mentioned in our previous forecasts, we’re waiting for a clear sign that the corrective wave (ii) is ended so that we can buy the next impulsive wave (iii) towards 114.191. And in case of a break above this level, then we’ll expect the last impulsive wave (v) to proceed even higher towards 117.00 or even higher to 121.00. As it is, only a close below 110.836 will attract a long term sell towards 108.471.
Trade Recommendations:
Rebuy the US Dollar from 110.693.
Origin: FreshForex
