Wave Analysis
Yesterday, the US dollar rallied to the upperside and even went above the upper trendline and is still pretty much above it. While we continue to see sustainace 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 (c) to the upperside and should breakout above 108.648 towards 109.145. On the other side, should the price breakout below 108.110, then will be looking for long term sell orders.
Trade Recommendations:
We’re upwards towards 108.648.
Origin: FreshForex
