Wave Analysis:
Accordiing to the monthly chart above, the US Dollar is above a significant monthly trendline. While the price is held above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsioove wave count and could push the price towards 117.90 orr even higherr. As we mentioned previouslym we are now buyers but in case the price breaks below the same trendline, then we will be looking for a possible long term sell position towards 113.90.
Trade Recommendations:
We’re buyers towards 117.89
Origin: FreshForex
