Wave Analysis
Since the beginning if the month, nothing much has happened on this pair, we expected a possible rally further up towards 1.4189, however, nothing like that is happening. On this chart, buyers appear to be in charge, therefore, if the price breaks above the previous week’s highest high, I recommend looking for a possible long term buy position with our target set around 1.42 and could extend higher towards 1.45. This view can only be invalidated in case the price breaks below the previous week’s lowest low.
Trade Recommendations:
We’re buyers towards 1.41893.
Origin: FreshForex
