Elliott waves analysis – we’re long from 111.040


we're long from 111.040

Wave Analysis

During the previous trading day, instead of continuing to the upperside, the uS Dollar rallied to the lowerside and is now approaching a key daily support level 111.040. This is a key daily level and unless there’s a clear breakout below it, we expect a possible rebound from it to pick a long position with an ultimate target at 114.360. However, in case of a breakout below 111.040, then we’ll consider a short position with an ultimate target at 108.159. With the anticipated buy position, an ideal take profit should be 114.360 and the next at 118.00.

Trade Recommendations:

we’re long from 111.040

101% Double the volume

All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: freshforex.com.