Elliott waves analysis – We’re on the sidelines

During the previous trading day, nothing much happened on the US Dollar, we are still waiting for price to give us a good bullish continuation signs so we can pick low risk buy positions with an ultimate target set at 140 and may likley continue much higher. On the otherside, should the price break and close below the previous week’s lowest low, then further momentum to the lowerside is expeccted with an ideal target set at 112.90.

We’re on the sidelines