Elliott waves analysis – We are buyers.


Wave Analysis:

Previously, this pair rallied around the lower trendline for quite sometime before rebounding to the upper trendline at the impulsive wave cycle three. It then bounced back to the lower trendline, and its currently rallying around the lower trendline. I expect a further bullish momentum towards the upper trendline in continuation of the impulsive wave cycle five. If you had picked a buy before hold up to around 1.2120 or even much higher.

Trade Recommendations:

We are buyers.

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