Elliott waves analysis – We’re buyers towards 149.90

The US Dollar is still in an active up trend. As long as the price remains above the lower red Envelope’s moving average, we expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for long term buy positions expecting the price to extend upwards towards 149.90 and may likely breakout even higher. On this chart, only buy positions looks ideal and can safely be recommended.

We’re buyers towards 149.90