Wave Analysis
As expected, the US dollar moved to the lower side but could not go beyond 109.05. As long as the price remains above 109.05, we expect nothing but a possible momentum to the lowerside, we are waiting for a clear sign that the correction to the lower side is ended so that we buy the last impulsive wave v to the upper side and should break above 109.90 towards 114.25. If the price breaks and closes below 109.05, then this will give us a good place to pick a long term sell order towards 104.77.
Trade Recommendations:
Buy us dollar towards 114.25.
Origin: FreshForex
