Wave Analysis:
This pair is currently trading on a contracting wedge formation, during the previous trading days,the price rallied to the upper side in continuation of the impulsive wave cycle three.From where the price is at we expect it to bounce off to the lower side towards 1.3225 in continuation of the corrective wave cycle four then continue upwards towards 1.3345 in continuation of the impulsive wave cycle five.As of now we are sellers, unless the price break above the upper trendline clearly then we will become buyers.
Trade Reccommendations:
We are sellers towards 1.3225.
Origin: FreshForex
