Wave Analysis:
Previously the price bounced off from the impulsive wave cycle three towards the lower trendline at the corrective wave cycle four. As at now, the price is on the lower trendline rallying towards the upper side. I expect it to rebound up to the upper trendline around 1.0670 in continuation of the impulsive wave cycle five. As long as the price remains above the resistance level we are buyers. If you are looking at this pair now, pick a buy from 1.0647 towards 1.0670 or even higher.
Trade Recommendations:
We are buyers towards 1.0670.
Origin: FreshForex
