Wave Analysis:
The US Dollar has been rallying towards the upper side for quite sometime now,during the previous trading days,the price bounced off from the upper trendline towards the lower trendline in continuation of the corrective wave cycle four.As of now the price is around the lower trendline I expect a further bullish momentum towards 130.50 or even much higher in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick a buy position from 128.19 towards 130.50.
Trade Reccommendations:
We are buyers towards 130.50.
Origin: FreshForex
