Wave Analysis:
Perfectly as previously forecasted, the cable bounced off from the supportive zone 1.30095-1.30327 and is still pretty much above this level, as long as the price is contained above the zone mentioned, we expect a possible momentum to the upperside but should not go above the upper trendline. Conservative traders should wait for either a clear breakout below 1.30075 to pick a sell order or a breakout above the upper trendline to pick a buy order towards the level 1.33064. A breakout above will push the price even higher.
Trade Recommendations:
We’re upwards towards the upper trendline.
Origin: FreshForex
