Wave Analysis
During the previous trading day, the Us dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see the price break above 112.010 towards 117.935 or even higher. This view can only be invalidated in case the price breaks below the same trendline.
Trade Recommendations:
Remain long towards 117.935.
Origin: FreshForex
