Wave Analysis
The US dollar is currently trading above the zone 111.907-111.691, 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) and should spike even higher as long as the price is above the zone marked above. The idea is to have a pending but limit within the zone 111.907-111.691, the stoploss below the previous day’s lowest low and take profit should be fixed at 114.23
Trade Recommendation.
Place a pending buy limit order at 111.694 towards 114.215
Origin: FreshForex
