Wave Analysis
After breaking above the zone 111.273-111.891, the US Dollar is showing signs of sustaining itself above this zone, from what we said previously, while the price is contained above this zone, we expect nothing but a possible momentum to the upper side and should head straight towards 113.540. The idea is to wait for a correction towards the same zone to pick a low risk buy order with an ideal target as just mentioned. This view will only be invalidated in case the price breaks below 111.723.
Trade Recommendations:
As long as the price remains above 111.891, we’re looking for a buy order towards 114.52.
Origin: FreshForex
