Few weeks ago, the impulsive wave (v) went below both the horizontal level 1.15262, and also below the supportive trend line indicated above. As long as the price remains below these lines, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 1.109580 towards 1.04826. Conservative traders should look for a sell from the upper trend line towards 1.04826…
We’re short from the upper trendline towards 1.04826.