Wave Analysis
Despite the previous forecasts that this pair could rally to the lowerside, the US Dollar continued massively to the upper side and is still pretty much bullish both on the daily and the weekly charts. Following the previous days momentum to the upperside, we expect further momentum to the upperside but should not go beyond 110.0 by the end of this week. This view can only be invalidated in case the price breaks below the end of the corrective wave (iv), if this is true, then further momentum to the lowerside is expected.
Trade Recommendations:
Look for low risk buy orders
Origin: FreshForex
