Wave Analysis:
According to the weekly chart attached, we’re waiting for this pair to either close above 108.550, to pick a long term but position towards 114.012, or a close below 108.550 to confirm that we’re continuing short with the previous three week’s sell. As it is, we advise remaining flat. The same applies to the hourly chart attached, (shown below), we’re waiting for either a break below the supportive trendline to look for sell positions or a break above the upper trendline to look for a long term buy position towards 109.00. This buy is highly anticipated should the price break above the upper trendline while the Stochastic indicator is below the oversold level 20.. If this is the case, then this will be a perfect
Trade Recommendation:
Wait
Origin: FreshForex
