Wave Analysis:
The US Dollar is currently trading on an uptrend in this hourly chart, during the previous trading days the price bounced off from the upper trendline towards the lower side at the corrective wave cycle four. Right now, the price is on the lower trendline, I expect rebound towards the upper trendline around 136.55 in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then we will become sellers with the first ideal target at 132.55.
Trade Recommendations:
We are buyers towards 136.55.
Origin: FreshForex
