Wave Analysis
The US Dollar is correcting itself back to the lowerside for the second time. As we mentioned in our previous forecast, we’re eyeing a possible bounce from 110.836 to buy the next impulsive wave (iii) with our first target at 114.191 and the next target at 117.879. This view can only be invalidated in case the corrective wave (ii) slides below 110.836, if this is the case, then a decline towards 108.471 is highly expected. As it is, we only recommend looking for low risk buy orders from 110.836 with a take profit at 114.191.
Trade Recommendations:
Buy the US Dollar from 110.836 with your take profit at 114.191.
Origin: FreshForex
