Wave Analysis
The US Dollar is showing signs of sustaining itself above the zone 111.981-111.873. As long as the price remains above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside towards 114.17. Conservative traders can have their pending buy limit from the opening of the previous week’s opening price with an ideal target at 114.17 and stop loss below the previous week’s lowest low.
Trade Recommendations:
Wait for a possible low risk buy.
Origin: FreshForex
