Elliott waves analysis – We’re buyers towards 140.0.


Wave Analysis:

The Us Dollar is currently in an active up trend. As long as the price remains above the three moving averages, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive five wave cycle and may see the price continue to the upperside with an ideal target set at 140 and may extend much higher towards 150 or even higher. On this chart, only buy positions looks ideal and can safely be recommended.
Trade Recommendations:
We’re buyers towards 140.0.

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