Elliott waves analysis – Rebuy the US Dollar around 111.86

Wave Analysis

Instead of a rally to the upperside, the US Dollar rally intensely to the lower side but is still above a key level 111.86, as long as the price remains above this level, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should break above 113.080. If this level is broken to the upper side, then we expect a possible accelaration towards 114.00. A break above this target will push the price even higher with an ultimate target at 118.00.

Trade Recommendations:

Rebuy the US Dollar around 111.86

101% Double the volume