Wave Analysis:
This pair is currently trading on an uptrend, the price has been rallying within the upper and the lower trendline for sometimes now. Recently the price bounced off from the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now the price is around the lower trendline, I expect a further bullish momentum towards 1.2315 in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a buy from 1.2199 towards 1.2315.
Trade Recommendations:
We are long.
Origin: FreshForex
