Elliott waves analysis – We are buyers.


Wave Analysis:

During yesterday’s forecast, we had anticipated that the price would bounce back to the lower trendline at the corrective wave cycle four then rebound towards the upper side in continuation of the impulsive wave cycle five. As at now the price is rallying towards the upper side, I expect a further bullish momentum towards 138.65 or even higher. If you are looking at this pair right now, pick a buy from 137.75 towards 138.65.

Trade Recommendations:

We are buyers.

You may check other analytical reviews on FreshForex website. Source: freshforex.com.