Wave Analysis
During the previous trading day, the corrective three wave cycle continued to the upper side but is currently around 107.365-107.293, this is a potential sell place and as long as the price is not able to clearly break and close above it, we are waiting for a possible sell position. And in case the price breaks and close above 107.365, then this will be a good place to consider a possible long term buy position with an ultimate target around 107.860. A break any higher could push price towards 110.00.
Trade Recommendations:
Wait for a possible sell position.
Origin: FreshForex
