Wave Analysis
Despite the previous forecast that this pair could spike to the lower side, nothing much appears to be happening so far, we are expecting a possible break below 1.22360 to pick a possible long term sell order towards 1.2145 and could head much lower towards 1.20. As it is now, only sell positions looks ideal and can be recommended, but should the price break above the previous day’s highest high, then we will be waiting for a break above 1.25350 to pick a long term buy order towards 1.26630.
Trade Recommendations:
Sell a break below the previous day’s lowest low.
Origin: FreshForex
