Wave Analysis:
During the previous trading days,the price bounced off from the upper trendline to the lower side in continuation of the impulsive wave cycle five.The price is trading on an expanding wedge formation on a downtrend,from where the price is currently, we expect a rebound to the upper trendline then continue to the lower side in line with the down trend.If you are looking at this chart now, pik short term buy positions from 1.3185 towards 1.3605.
Trade Recommendations:
We are short term buyers.
Origin: FreshForex
