Wave Analysis
According to the weekly chart above, we’re seeing two key levels at 108.547 and 114.027. As long as the price remains within this range, we expect a possible reversal from the lower support to pick a long term buy order towards 114.023, and should price break below 108.587, then this is could be a good place to pick a long term sell towards 104.290. On its way to the lower side, the key lines to look for include 106.915, 105.165 and 104.290. A break below these levels will push price even lower towards 101.690.
Trade Recommendations:
we’re looking for a buy upon a bounce from 108.587.
Origin: FreshForex
