Wave Analysis
During the previous trading day, the impulsive wave (iii) traded slightly to the upperside but is still below the weekly short term level 108.836.We’re waiting for a clear close above 110.836 to confirm that we’re upwards with an ultimate target at 114.36. If this level is broken, then further momentum towards 117.352 or even higher is expected. As it is, if you’re not in any position, you can remain flat, and wait and buy a break above 110.36, or a bounce from the same level to pick sell.
Trade Recommendation:
Wait
Origin: FreshForex
