Wave Analysis
For the past few days, as we said previously, we saw a correction of the previous five wave cycle but we’re still below 1.32055. As long as the price remains below this level, we expect nothing but a possible momentum to the lower side. If you’re not in any position, you can wait for a slight rally towards 1.32055 to pick a long term short position with the first target at 1.27230 and the next ideal target at 1.2354. This view can only be invalidated in case the price breaks above 1.32055, if this is the case, then we’ll wait for a pullback to the just broken level to pick a long term long position towards 1.36905.
Trade Recommendations:
we’re short from 1.32055
Origin: FreshForex
