Wave Analysis
The impulsive wave (v) continues to rally to the upper side and is still pretty much bullish both on the daily and on the weekly charts. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.42950 towards 1.50 or even higher. In case the price breaks below the black line, then further momentum to the lowerside is expected towards 1.36680 and may breakout much lower towards 1.33560 or even lower.
Trade Recommendations:
We are looking for a possible long term buy position.
Origin: FreshForex
