Perfectly in line with the previous week's forecast, the US Dollar bounced off from the supportive trendline and is currently heading to the upperside. As long as the price is contained above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (C) and should breakout above 109.20 towards 111.92 or even higher. This view can only be invalidated in case the price breaks and closes below the same trendline.
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