Just as previously expected, the US Dollar continues to rally above the upper trendline, despite the previous expectation that the price could pullback to the lowerside, as it now, we are focusing strictly on buy positions. The idea is to wait for low risk buy signals unless the price breaks and closes below the immediate trendline. If this is the case, then further momentum to the lowerside is expected. The anticipated bearish price rally is the continuation of a corrective wave count and could see price rally much lower towards 109.363
Trade Recommendations:
Remain long
Trading begins with planning the expected profit and developing a strategy that aims to help you achieve the desired result. The most effective technique is to use invest-portfolios that contain different trading instruments.
FreshForex gives traders a ready-to-use portfolio. The instruments are selected in such a way as to reduce overall risks and at the same time ensure a relatively high return.
This is the eighth portfolio developed by FreshForex specialists. Each of the previous seven portfolios showed positive results, with a total return of 87.1%.
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