Elliott waves analysis – we’re long towards 113.08

Wave Analysis

During the previous trading day, the US Dollar rallied intensely to the upper side and even went above 112.210. As long as the price remains above this level, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of an impulsive wave count and should break above 113.080 towards 114.00. If this target is broken, then further bullish price rally towards 118.00 or even higher. A clear rebound from 114 or 118.00 will attract a long term short position towards 111.402.

Trade Recommendations:

we’re long towards 113.08

101% Double the volume