Wave Analysis:
During the previous forecast, we had anticipated that the price will bounce back from the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five. Right now the price is still on the upper trendline it has been forming pin bars I still expect bearish momentum towards 127.20.However,should the price break above the upper trendline, then 135.60 would be a good place to pick a buy from.
Trade Recommendations:
We are sellers towards 127.20
Origin: FreshForex
