Wave Analysis:
This pair has been trading on a downtrend for a while now, recently the price bounced off from the corrective wave cycle four towards the lower side at the impulsive wave cycle five. Right now, the price is rebounding towards the upper side, I expect it to go up to the upper trendline then bounce back. As long as the price remains below the resistance zone (128.13-127.94) then we remain sellers. If you are looking at this pair right now, wait for the price at 127.50 then pick a sell position towards 126.25.
Trade Recommendations:
Wait.
Origin: FreshForex
