Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while now, previously the price rallied around the lower trendline around the impulsive wave cycle three. The price then rebounded towards the upper side at the corrective wave cycle four where its currently rallying around. I expect it to bounce back to the lower trendline in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a sell from 1.1964 towards 1.1660. On the flipside, should the price break above the upper trendline, then we will become buyers.
Trade Recommendations:
We are short.
Origin: FreshForex
