Elliott waves analysis – We’re buyers towards 140.8

The US Dollar is currently rallying to the upperside. As long as the price remains above the moving averages shown above, I expect nothing but a possible momentum to the upper side, the idea on this chart is to keep looking for a possible long term buy positions with an ultimate target set at 140.90 and may extend much higher. On this chart, buy positions looks ideal and can safely be recommended.

Otherwise, if the price breaks below 135.25, then we will be looking for low risk sell positions.

We’re buyers towards 140.8