Wave Analysis
According to the monthly chart attached, this pair is very bullish as long as the price is above 1.12471. But according to the weekly chart, we’re below a key sellers level. We’re waiting for a clear sign that the corrective wave (b) is ended so that we buy the last impulsive wave (c) towards the upper trendline towards 1.22033. But should price break below 1.12471, then this will be an ideal place to look for a possible monthly sell towards 1.07330. a break below this level will push the price lower.
Trade Recommendations:
Look for a low risk buy order towards 1.22033.
Origin: FreshForex
