Expect a possible momentum towards 119.00 As long as the price remains above the upper trendline. | 29 Marzo 2021

Wave Analysis

During the previous trading day, the US dollar rallied to the upperside and even went above the upper trendline. This is a possible bullish price breakout. As long as the price remains the upper trendline, we expect the anticipated bullish price rally is the continuation of an impulsive wave cycle and should breakout above 112.910 towards 119.935. This view can only be invalidated in case the price breaks again below the same trendline, if this is the case then a momentum towards 50.0% fib level is expected.

Trade Recommendations:

Expect a possible momentum towards 119.00 As long as the price remains above the upper trendline.