Wave Analysis:
During the previous forcast, we had anticipated a rebound from the lower trendline to the upper trendline within the converging wedge formation.We are still waiting for the rebound,but should the price break below the lower trendline we expect to pick a long term buy position from 121.65 towards 117.40.If you had placed a buy in this pair hold towards 124.20.
Trade Reccommendations:
We are short term buyers.
Origin: FreshForex
