Wave Analysis
On this monthly chart, we’re waiting for a clear sign that the corrective wave (c) is ended so that we buy the last impulsive wave (c) towards the upper trendline, and should price go above this trendline, then we’ll expect a possible rally even higher towards 1.22033. On the flipside, should price break below 1.12471, then we’ll expect a possible rally to the lowerside with an ideal target at 1.07330. If you’re looking at this chart at the moment, you may want to look for possible low risk buy orders towards 1.22033.
Trade Recommendations:
Wait for a clear buy signal towards 1.22033
Origin: FreshForex
