Wave Analysis
The US Dollar rose steadily in the course of this week, and is still very much bullish both on the daily and the weekly charts. As we’ve mentioned in our previous forecasts, as long as the price remains above 110.936, we expect nothing but a possible momentum to the upperside. As it is at the moment, we expect the bounce from 110.936 to have marked an end to the corrective wave (ii), that the current bullish price rally is the continuation of the impulsive wave (iii) to the upperside and should break above 114.191 towards 117.926.
Trade Recommendations:
Rebuy the US Dollar from 110.836
Origin: FreshForex
