Wave Analysis:
During the previous trading day, the US Dollar rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day’s highest high, we 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 the price break above 112.78 towards 113.43 and may extend much higher. On the flipside, a break below the previous day’s lowest low will push the price downwards towards 107.780.
Trade Recommendations:
We’re buyers towards 112.089.
Origin: FreshForex
