Wave Analysis
Yesterday’s daily candle closed as a bearish pin bar. As long as the price remains below the level 107.518, we expect nothing but a possible momentum to the lower side towards the supportive trend line, if the price bounces off from this trend line, then this will be a good place to look for a buy positions. And should the price break and close above 107.518, then this will be a good place to consider a possible long term buy position with an ultimate target around the upper trend line.
Trade Recommendations:
Look for a possible sell position towards the supportive trend line.
Origin: FreshForex
