Elliott waves analysis – we’re long towards 114.19.


we're long towards 114.19.

Wave Analysis

During the previous trading day, the US Dollar plunged earlier in the beginning before gaining a momentum to the upper side. Perfectly in tune with what we forecasted during the trading day, as we mentioned during the previous trading day, as long as the price remains above the dynamic support level 111.67, we expect nothing but a possible momentum to the upper side with the next ideal target being 114.19. and should the price breakout above this level, then further bullish momentum towards 117.88 is expected.

Trade Recommendations:

we’re long towards 114.19.

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