Wave Analysis
During the previous trading day, the corrective wave (iv) continued to the lowerside but could not go beyond 1.2997. Following the bounce from 1.2997, we expect further momentum to the upperside, We expect the current bullish price rally to be the continuation of the impulsive wave (v) to the upperside and should break above 1.3490. A break above this level will push the price to the upperside towards 1.4000. This view can only be invalidated in case the price breaks and closes below 1.2997.
Trade Recommendations:
Sell a break below 1.2997.
Origin: FreshForex
