According to the monthly chart, the US Dollar is headed to the upperside. On the monthly chart, the price is above a significant supportive level 108.773, and as long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should see price break above 116.015 towards 125.610 and could continue even higher. A break below 108.773 will mean we're sellers towards 103.285.
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