Wave Analysis
During the previous trading day, our stops was taken out when the price rose above Friday’s highest high. As it on the daily chart attached, the US Dollar is showing signs if sustaining the break above the upper trendline. As long as the price is contained above this trendline, I expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (c) and should head straight towards 108.89, if this level is broken, then further momentum to the upper side is expected.
Trade Ere commendation:
Look for a buy towards 106.69.
Origin: FreshForex
