Elliott waves analysis – We’re buyers towards 148.90

The US Dollar is currently heading to the upperside. As long as the price remains above the two Moving averages, especially above the 52 period moving average, I expect nothing but a possible momentum to the upperside, the idea will be to keep looking for long term buy positions expecting a rally towards 148.90 and could extend much higher. On this chart, buy positions looks ideal and can safely be recommended. You could wait for a pullback towards 23.6% fib level to pick a buy position.

We’re buyers towards 148.90