Wave Analysis:
During the last few trading days the price rallied on the upper drendline for quite sometime,but it eventually bounced off to the lower trendline. Currently the price is headed upwards in continuation of the corrective wave cycle four. From the upper trendline I expect it to continue downwards in completion of the impulsive wave cycle five which is in line with the current downward trend. As of now we are short time buyers towards the upper trendline.
Trade Reccommendations:
We are short time buyers towards 1.1230.
Origin: FreshForex
