EURUSD – Up
Wave Analysis:
This pair is currently trading in an expanding wedge formation, previously the price rallied around the upper trendline but eventually bounced off to the lower trendline in continuation of the impulsive wave cycle five. Right now the price is rallying around the lower trendline, If you are looking at this pair right now, wait for a clear price action to either pick a buy or a sell. Should the price breaks below the lower trendline, we become sellers.
Trade Recommendations:
We are on the sidelines.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
