Wave Analysis
During the previous trading day, the cable successfuly closed below the supportive trendline. This was a main move and as long as the price is sustained below the zone 1.30688-1.30651, we expect further move to the lowerside with an ideal target around 1.30080. The idea is to wait for a possible retarcement back to the upperside to pick a low risk sell order with an ideal target 1.30. This view can only be invalidated in case the price breaks above 1.30688, if this is the case, then further move to the upperside is expected.
Trade Recommendations:
We’re short from 1.30688 towards 1.30080
Origin: FreshForex
