Wave Analysis
Last week, the US Dollar bounced off from the lower trendline and is currently heading to the upper side. As it is right now, we are buyers towards the upper trendline. If you are looking at this chart right now, I recommend looking for low risk buy positions and should breakout above the inner wedge formation towards the upper trendline and may extend much higher. On the flipside, should the price break below the lower trendline, then further momentum to the lower side is expected.
Trade Recommendations:
We’re buyers towards the upper trendline.
Origin: FreshForex
