Wave Analysis
The US Dollar basically gaped above the level 110.818, this is a possible bullish dominance sign and while the price is above 110.836, we expect a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (iii) to the upperside and should break and close above 114.191. If this is true, then we’ll expect to continue upwards with the next impulsive wave (v) towards 117.261. As it is, we only recommend looking for buy orders only.
Trade Recommendations:
Rebuy the US Dollar from 110.836 with your take profit at 114.393.
Origin: FreshForex
