Wave Analysis
The previous day’s candle closed as an indecision candle with a long tail at the bottom. As it is now, we are still expecting further momentum to the lowerside, however, we may likely see a possible correction to the upperside and should not go beyond 114.082. The way it is now, we are looking forward to a possible rally to the lowerside and should head straight towards the lower trendline and may likely break below it.
Trade Recommendations:
We’re still expecting further momentum to the lower trendline.
Origin: FreshForex
