Elliott waves analysis – We are buyers.


Wave Analysis:

Recently the US Dollar rallied towards the lower trendline at the corrective wave cycle four from the impulsive wave cycle three. As at now the price is on the lower trendline, I expect a rebound towards the upper trendline in continuation of the impulsive wave cycle five. If you are currently looking at this pair right now, pick a buy from 136.50 towards 137.60.However, should the price break below the lower trendline, then 136.35 would be a good place to pick a sell from.

Trade Recommendations:

We are buyers.

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