Wave Analysis:
Previously this pair rallied to the upper side but eventually continued dowards in line with the down trend. The price is currently on the impulsice wave cycle five,we expect the price to continue downwards.Should the price retrace to the upper side in a move to correct the imulsive wave cycle five,we expect it to go upto around 1.3425 then bounce back to the lower side.
Trade Reccommendations;
We are short.
