Wave Analysis
The impulsive wave (v) and (5) continued to the upper side and even went above 1.10615. At this point, we expect further momentum to the upper side and should rise beyond today’s high. A sustained move above 1.10995 will culminate into further momentum to the upper side and should continue much higher towards 1.12 or even higher. On this chart, only a break and a close below the Alligator indicator could give a good sign that we are possibly turning into sellers with our target being set around 1.06425.
Trade Recommendations:
Remain long with an ultimate target around 1.13.
Origin: FreshForex
