Wave Analysis
During the previous trading week, the US dollar sustained the breakout above the upper trendline and is still pretty much bullish. As we mentioned during the previous week on Friday, while the price is held above the upper trendline,w e expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should see price break above 114.101. If this is the case, then further momentum much higher is expected.
Trade Recommendations:
Look for long term buy positions towards 114.101.
Origin: FreshForex
