Wave Analysis
During the previous trading day, the US Dollar broke out above the contracting wedge formation and is still pretty much bullish both on the daily and on the weekly charts. While the price remains above the Alligator Trend indicator attached, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 107.580 towards 110.00. As it is now, only buy positions looks ideal and can be recommended.
Trade Recommendations:
Remain long with your target at 107.580.
Origin: FreshForex
