Wave Analysis:
The US Dollar is currently on an uptrend on this hourly chat, recently the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now the price is on the lower trendline, I expect a rebound from 134.08 towards the upper side around 135.20 in continuation of the impulsive wave cycle five. Alternatively, if the price breaks below the lower trendline then 133.80 would be a good place to pick a sell from with the first ideal target at 132.75.
Trade Recommendations:
We are buyers towards 135.20.
Origin: FreshForex
