Wave Analysis;
This is a possible opposite volume scenario. Earlier this year, there was an unprecedented surge in volume while the price decreased steeply. Since then however, while price has continued to remain bullish, volume on the other side decreased steadily and only recently there was a surge in volume. The price is above a significant daily zone 111.675-111.854. As long as the price is contained above this zone, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should rise towards 114.254.
Trade Recommendations:
Look for a possible long term buy towards 114.25.
Origin: FreshForex
