Wave Analysis
During the previous trading day, the impulsive wave v and (c) extended significantly to the lower side and even went below the daily support level 1.17430. This is a clear sign that the bears are in full control of this market and while the price is contained below 1.17430, we expect a possible rally to the lower side and may break below 1.15790 towards 1.142 or even lower. We may consider a buy position in case the price again break above 1.17430, but while below it, short positions are recommended.
Trade Recommendations:
We’re short towards 1.15790.
Origin: FreshForex
