Wave Analysis
As we mentioned in the previous day’s forecast, USD bounced off from the supportive trendline,headed to the upper side and is still pretty much bullish. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of an impulsive wave count and should see the price rally even higher towards 110.10. In case the price breaks and closes above this level,then further momentum to the upper side is expected with an ultimate target at 114.00 or even higher
Trade Recommendations:
Buy this pair towards 114.00
Origin: FreshForex
