Wave Analysis
The US Dollar is currently trading with an increasing bullish bias momentum. Just as we mentioned during the previous day’s analysis, as long as the price is contained above the trendline above, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) and may breakout above 108.89 towards 110.00 or even higher. This view can only be invalidated in case the price breaks below 106.75, if this is the case, then a momentum to the lower side is expected.
Trade Recommendation
Remain long with your take profit at 108.89.
Origin: FreshForex
