Wave Analysis:
Since the beginning of this week, nothing much has happened on this pair, the price is still rallying around the current week’s opening price. We expect a possible spike to the upperside especially if the current week’s candle can close above 111.706. If this is true, the anticipated bullish price rally is the continuation of the impulsive wave (iii) to the upperside and should breakout above 114.367 towards the next level. You can rebuy the impulsive wave (iii) above 111.706, or wait and buy the last impulsive wave (v) towards 118.324.
Trade Recommendations:
Look for a buy position from 111.706 towards 114.367.
Origin: FreshForex
