Wave Analysis:
During the previous trading days, the US Dollar rallied towards the lower trendline for a while,right now the price is on the lower trendline at the corrective wave cycle four.I expect a bullish momentum to the upper side towards 124.10 or even much higher. The anticipated bullish momentum is as a result of the continuation of the impulsive wave cycle five.On the flipside, should the price break below the lower trendline, we expect to continue short and 122.35 would be a good place to look for sell positions.
Trade Reccommendations:
We are buyers towards 124.10.
Origin: FreshForex
