Wave Analysis:
During the previous trading days, the price bounced off from the upper trendline towards the lower side at the corrective wave cycle five. At the moment the price is on the lower trendline, I expect a rebound towards the upper side around 1.0890 in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then we expect a further bearish momentum. If you are currently looking at this pair right now, pick a buy from 1.0630 towards 1.0890.
Trade Recommendations:
We are buyers.
Origin: FreshForex
