Wave Analysis:
During the previous trading days,the price rallied to the lower side massively but it eventually rebounded to the upper side in continuation of the corrective wave cycle four.Currently the price is rallying to the lower side, I expect a further bearish momentum towards 1.2975 or even much lower in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick sell positions from 1.3073 towards 1.2975.
Trade Reccommendations:
We are sellers towards 1.2975.
Origin: FreshForex
