Wave Analysis:
This pair is currently on an uptrend, the price has been trading within the upper and the lower trendline for a while now. Previously the price rebounded from the corrective wave cycle four towards the upper trendline at the impulsive wave cycle five. Currently the price has bounced back to the lower trendline, I expect a rebound towards the upper side and a further bullish momentum in line with the up trend. If you are currently looking at this pair, pick a buy from 130.06 towards the upper trendline. Unless the price break below the lower trendline we remain long.
Trade Recommendations:
We are long.
Origin: FreshForex
