Wave Analysis
The Us dollar is currently in an active up trend. As long as the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upperside. the anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should breakout and close above 105.23. At this point, only buy positions looks ideal and can safely be recommended but with an ultimate target at 110.00. If the price breaks and close below the blue line, then further momentum to the lowerside is expected.
Trade Recommendations:
Look for long term buy positions expecting price to break above 105.235.
Origin: FreshForex
