Wave Analysis:
This pair is trading on an uptrend,during the previous trading days the price rallied to the upper side and ended up breaking above a key resistance zone 124.87-124.69.Recently the price retraced back to the same resistance level and is currently rallying to the upper side.I expect the price to break above the upper trendline then continue upwards.As long as the price remains above the resistance level we are buyers,If you are looking at this pair right now,wait for the price to break above the upper trendline then pick buy positions.
Trade Reccommendations:
Wait.
Origin: FreshForex
