Wave Analysis:
Instead of a correction to the lowerside, the US Dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As we mentioned during the previous day’s analysis, we are buyers on this chart, we are looking forward to a possible breakout above the previous day;s highest high to pick a possible long term buy position with an ideal target set around 114.90 and may extend much higher. On the otherside, a breakout below the previous week’s lowest low, may mark the end of the current up trend and the begining of a downtrend.
Trade Recommendatiosnn:
We’re buyers towards 114.90
Origin: FreshForex
