Wave Analysis
During the previous trading day, the US Dollar bounced off from the daily support level 109.734 and is still pretty much above this level. As long as the price is contained above this level, we expect nothing but a possible momentum to the upper side. If you’re a bit skeptic to pick this buy order, you could wait for a break above the previous day;s highest high to pick a low risk buy order towards 114.23. A break below the previous day’s lowest low will push the price actively to the lowerside.
Trade Recommendations:
We’re looking for a low risk buy order.
Origin: FreshForex
