Wave Analysis
The US Dollar is still above the upper trendline. As long as the price is held above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the uppperside and is expected to breakout 114.036, if the price breaks and closes above this level, then further momentum to the upperside is expected. On this chart, sell positions looks a bit risky and may not be recommended, however, in case the price breaks below 108.230, then we will be expecting further momentum to the lowerside.
Trade Recommendations:
We’re buyers towards 114.036
Origin: FreshForex
