Elliott waves analysis – We’re buyers towards 148.90.

During the previous trading day, the US dollar continued on its way to the upperside and still showing signs of continuing much higher. If you are on this chart as we are speaking right now, you need to keep looking for low risk buy positions expecting a possible acceleration towards 148.90 and may likely head much higher. The idea here is basically to keep looking for buy orders. On the otherside, should the price break and close below 131.450, then a rally much lower is expected.

We’re buyers towards 148.90.