Wave Analysis:
This pair is currently trading in a contracting wedge formation,the price is currently on a downtrend.Recently the price bounced off from the upper trendline towards the lower side in continuation of the impulsive wave cycle five.The price is now rebounding towards the upper trendline,if you are looking at this pair right now,wait for clear break below or above the lower or the upper trendlines to pick a buy or a sell.
Trade Recommendations:
We are on the sidelines.
Origin: FreshForex
