Wave Analysis
After failing to break below the lower trendline, the Us dollar continued to the upperside and is still pretty much bullish. As long as the price remains above the upper trendline, we are holding onto the buy we took during the previous trading day. As it is now, we are looking for a possible long term buy position. The anticipated bullish price rally is the continuation of the last impulsive wave (E) to the upperside and should continue much higher with the next ideal target set at 116.00 and may continue much higher.
Trade Recommendation:
We’re buyers towards 116.00.
Origin: FreshForex
