Wave Analysis
the US Dollar is currently trading with an increasing bullish bias momentum. As long as the price remains above the upper trendline and also above 106.75, we’re holding onto the buy we took yesterday with our first take profit at 107.75, and the next target at 108.25 and the last target at 108.89, If the price successfully break above this level, then further momentum towards 112.75 is expected. And on the flip side, should the price breaks below 106.75, then this will be a confirmation that we’re going to the lowerside.
Trade Recommendations:
We’re long towards 108.89.
Origin: FreshForex
