We're waiting to rebuy from 107.898/ | 02 Julio 2019

Wave Analysis

Yesterday, the US Dollar gapped to the upperside and is still rallying above 107.890. As long as the price remains above 107.890, we expect nothing but a possible momentum. The fact that the price rose above 107.890 is a clear sign that we're heading to the upperside, thus, we're waiting for retracements to the lowerside to pick low risk buy orders with an ultimate target at 109.590. A breakout above this level will push the price further to the upperside with the next ideal target being 112.225.

Trade Recommendations:

As long as the price remains above 107.898, we're looking for long term buying opportunities towards 112.225.