Wave Analysis:
Previously this pair rebounded from the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four just like the GBP. Right now the price is around the upper trendline I expect it to bounce back to the lower trendline around 1.0185 in continuation of the impulsive wave cycle five. If you are looking at this pair now, pick a sell from 1.0516 towards 1.0185.Unless the price breaks above the upper trendline, we remain sellers.
Trade Recommendations:
We are sellers towards 1.0185.
Origin: FreshForex
