Wave Analysis:
This pair is currently trading in an expanding wedge formation, recently the price rebounded from the corrective wave cycle two towards the upper trendline at the impulsive wave cycle three, where the price is currently at. I expect the price to bounce back to the lower trendline at the corrective wave cycle four then rebound back to the upper side in continuation of the impulsive wave cycle five.If you are looking at this pair now, pick a sell from 138.15 towards 136.55.
Trade Recommendations:
We are short.
Origin: FreshForex
