Wave Analysis
So far, nothing much has happened on this pair since the previous trading day on Friday. As long as the price remains below the previous day’s lowest low, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of both the impulsive waves (v) and (5) and should break below 1.074. This view can only be invalidated in case the price breaks and closes above the previous day;s highest high, if this is the case, then a momentum to the upper side is expected.
Trade Recommendations:
We’re looking for long term sell orders towards 1.074.
Origin: FreshForex
