yesterday, the US Dollar pulled back to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As we mentioned earlier this week, we are looking forward to a long term impulsive wave count and should see the p[rice break above 110.60 and may extend much higher towards 112.90 or even higher. This view will only be invalidated in case the price breaks and closes below the previous day's lowest low. If this is the case, then we're likely to see a bearish impulsive wave count towards 105.89 and may continue much lower.
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