Elliott waves analysis – We’re buyers towards 148.90.


Wave Analysis

The US Dollar continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the two moving averages, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and may see the price break and close above 148.9 and will likely continue much higher.

Trade Recommendations:

We’re buyers towards 148.90.

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