Wave Analysis:
This pair has been trading within the upper and the lower trendline for quite sometime now,during the last trading days the price bounced off from the upper trendline at the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five.Recently the price broke below the lower trendline and has retraced back to it,if you are looking at this pair right now,look for sell positions from 1.3013.I expect a further bearish momentum.
Trade Reccommendations:
We are sellers.
Origin: FreshForex
