Wave Analysis:
During the previous trading week, nothing much happened on this pair, we expected a possible rally to the upperside however, the US Dollar remained slightly above 112.747 and is not showing any signs of rally any higher. As it is right now, we keep looking for a possible long term buy positions with an ideal target set at 115.532 and may break above it. If you are looking at this chart now, keep looking for buy positions. As it is now, only a break below 112.583 will attract a low risk sell position.
Trade Recommendations:
We’re buyers towards 115.532.
Origin: FreshForex
