Wave Analysis
During the previous trading day, the Us Dollar continued to the lowerside but could not sustain the break below then supportive trendline. We expect the bounce from this trend to have marked an end to the corrective three wave cycle, that the current bullish price rally is the continuation of an impulsive wave count and should go up to 109.70 as long as the price is contained above the upper trendline. This view can only be invalidated in case the price breaks and closes again below the same trendline.
Trade Recommendations:
Look for a buy towards the upper trendline.
Origin: FreshForex
