Wave Analysis
During the previous trading week, the US Dollar continued rapidly to the upperside and is still pretty much both on the daily and on the weekly charts. As it is on the hourly chart attached, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (5) and should break above the previous week’s highest high towards 110.00 or even higher. And on the flip side, should the price break below 107.95, then this will act as a confirmation that we’re moving to the lowerside.
Trade Recommendation:
Buy the US Dollar towards 110.00.
Origin: FreshForex
