Wave Analysis
Few days ago, the US Dollar established a key support around 107.990 and is still pretty much above this level. While the price is contained above this level, we’re waiting for a clear bounce from this level to pick a long term buy order. Basically, we’re waiting for a clear sign that the corrective wave [b] is ended so that we buy the last impulsive wave [c] to the upperside. The anticipated bullish price rally is the unfolding of an the impulsive five wave cycle and should breakout above 112.011 towards 114.554.
Trade Recommendations:
Buy the US Dollar from 107.990.
Origin: FreshForex
