Wave Analysis
Yesterday, the US Dollar continued to the upper side and even went above the level 109.950, we expect further momentum to the upper side and should break above 110.255 towards 114.32 or even higher. This view can only be invalidated in case the price breaks and closes below the previous day’s lowest low, if this is the case, then further momentum to the lower side is expected with an ultimate target around 108.425. A break below this level will push the price much lower towards 107.815.
Trade Recommendations:
Remain long with your take profit at 110.225.
Origin: FreshForex
