Wave Analysis:
This pair is currently correcting itself to the upperside. As long as the price remains below the cloud formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) and should break below 109.095 towards 100.00. This view can only be invalidated in case the price breaks and closes above the bearish cloud. If this is true, then a move even higher is expected towards 110.65.
Trade Recommendations:
Wait
Origin: FreshForex
