Wave Analysis
Since the beginning of this week, nothing much has happened on this pair, the price is still around the previous week’s opening price. As long as the price is above the level 110.616, we expect nothing but a possible momentum to the upperside. We’re waiting for a clear sign that the corrective wave (ii) is ending so that we buy the next impulsive wave (iii) towards 110.191. As it is, we only recommend a buy, but should price break and close below 110.836, then this will be an ideal place to look for a sell but only up to 108.471.
Trade Recommendations:
Rebuy the cable from 110.8
Origin: FreshForex
