Wave Analysis
During the previous trading week, the Us Dollar bounced off from the level 104.608, headed straight to the upper side and is still pretty much bullish both on the lower and on the higher time-frames. We expect the bounce from 104.608 to have marked an end to both the impulsive waves (E) and (C), that the current bullish price rally is the continuation of an impulsive wave counts and following the break above 108.797, we expect further momentum to the upper side and should break above 112.175 towards 114.243.
Trade Recommendations:
Buy a break above 112.175 with your take profit at 114.243.
Origin: FreshForex
