Wave Analysis
Last week, nothing much happened on this pair, however, ealier today, the Us dollar rallied to the upperside and is still pretty bullish. Currently, the price is around the previous week’s highest higher. If the price break and close above the previous week’s highest high, then this will be the bet place to consider a possible long term buy position. On the flipside, only a break below the previous week’s lowest low will attract a possible long term sell position. With this sell position our target is set around 103.90 and may extend much lower.
Trade Recommendations:
We’re buyers towards 110.90
Origin: FreshForex
