Wave Analysis:
During the previous trading day, we saw a slight rally to the lowerside but we’re still likely to see further momentum much lower. On this chart technically, we are expecting a possible momentum towards the zone 1.36189-1.35765 and may extend much lower. As it is right now, we are looking forward to a possible continuation of the last impulsive wave (5) to the lowerside and may see the price break below the lower trendline towards 1.30 and could breakout even lower. On this chart, sellers are very much in control and may push the price much lower.
Trade Recommendations:
We’re sellers towards 1.30
Origin: FreshForex
