Wave Analysis:
This pair is currently trading in a contracting wedge formation, recently the price rebounded from the lower trendline at the corrective wave cycle two towards the upper trendline at the impulsive wave cycle three. Right now the price is rallying towards the lower trendline, I expect it to go up to the corrective wave cycle four then rebound towards the upper trendline in continuation of the impulsive wave cycle five. If you are currently looking at this pair, wait for the price at the lower trendline then pick a buy towards 134.50.
Trade Recommendations;
Wait.
Origin: FreshForex
