Wave Analysis:
This pair has been trading within the upper and the lower trendline for quite sometime now,recently the price rallied to the lower side towards the lower trendline at the impulsive wave count three, the price bounced off to the upper side and its currently on the upper trendline.I expect the price to rebound to the lower trendline in continuation of the impulsive wave cycle five.On the flipside, should the price break above the upper trendline clearly, then we would be looking for long term buy positions above the the upper trendline.
Trade Reccommendations:
We are sellers towards 1.2925.
Origin: FreshForex
