Wave Analysis
For the past few days, the impulsive wave (iii) extended to the upperside and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 111.706, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally to be the continuation of the impulsive wave (iii) and should head straight towards 114.367. And should price break and close below 111.706, we’re short. While the price is above, we’re looking for a long term buy.
Trade Recommendations:
Buy the us dollar from 111.706 towards 114.367.
Origin: FreshForex
