Elliott waves analysis – We are buyers.


Wave Analysis:

Previously, the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four, We had anticipated a rebound from the lower trendline towards the upper side in continuation of the impulsive wave cycle five. Right now the price is rallying around the lower trendline, I expect a further bullish momentum towards 1.2025 or even higher. If you had picked a buy in this pair hold up to around 1.2025.

Trade Recommendations:

We are buyers.

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