Elliott waves analysis – We are long.


Wave Analysis:

The US Dollar bounced off from the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now the price is on the lower trendline, I expect a rebound towards the upper trendline around 136.25 in continuation of the impulsive wave cycle five. If you are looking at this pair, pick a buy from 135.42 towards 136.25,unless the price breaks below the lower trendline, the bulls remain in control.

Trade Recommendations:

We are long.

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