Wave Analysis
Nothing much happened on this pair during the previous trading day, we expected a possible break and a close below 1.22924, but instead the price bounced off from this level and is currently heading to the upperside, we expect the yesterday’s rebound from 1.22924 to have marked an end to the corrective three wave cycle, that the current bullish price rally is the continuation of an impulsive wave cycle and should first break above the previous week’s highest high to confirm a possible continuation to the upperside.
Trade Recommendations:
Either wait for a rebuy from 1.22924, or buy a break above 1.25190.
Origin: FreshForex
