Wave Analysis:
Previously the price bounced back to the lower trendline in continuation of the corrective wave cycle four.As at now the price is on the lower trendline,I expect a further momentum to the upper side towards 1.1250,the anticipated bullish rebound is as a continuation of the impulsive wave cycle five.On the flipside, if the price breaks below the lower trendline clearly, then 1.1050 would be a good place to pick sell positions with our first ideal target at 1.0975.
Trade Reccommendations:
We are buyers from 1.1066 towards 1.1250.
Origin: FreshForex
