Elliott waves analysis – we’re long towards 114.460


We're long towards 114.460

Wave Analysis

Perfectly nor previously forecasted, the US Dollar rallied higher than be expected and even went above the daily resistance level 111.040. This was a clear breakout and as long as the price remains above this level, we expect a possible rally to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 114.460. If you’re not in a short position already, you should wait for a minor pull backs to look for a low risk long position towards 114.460.

Trade Recommendations:

We’re long towards 114.460

Will you know against which currencies JPY is the most profitable?

We're long towards 114.460

More trading assets here…

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