Wave Analysis
The US Dollar is in an active up trend. We expect the current bearish price rally to be a mere correction and should not go below 107.680 where we’ll be looking to rebuy the Us Dollar with an ultimate target at 110.25. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should continue massively to the upperside with an ultimate target at 110.00 or even higher. This view can only be invalidated in case the price breaks below 107.680, if this is the case, then further move towards 106680.
Trade Recommendations:
Wait for a rebuy from 107.680.
Origin: FreshForex
