Wave Analysis:
This pair is currently on a downtrend, previously the price rallied around the upper trendline for quite sometime but eventually bounced off towards the lower side at the impulsive wave cycle three. As at now the price is around the upper trendline I expect the price to continue to the lower side, If you are currently looking at this pair right now, pick a sell from 1.2495 towards 1.1845.Unless the price breaks above the upper trendline we remain sellers.
Trade Recommendations:
We are sellers towards 1.1845.
Origin: FreshForex
