Wave Analysis
On this chart, we are looking for a buy position as long as the price is held above the supportive trendline. If the price bounces of from this support, then this will be a food place to look for low risk buy position. An in case of a breakout below the supportive trendline, then further momentum to the lowerside is expected with an ultimate target around 1.1790. A bounce from the supportive trendline will push the price upwards towards 1.20260. A break above this level will push us much higher towards 1.21.
Trade Recommedations:
Buy a bounce from around 1.17630.
Origin: FreshForex
