Earlier today, the corrective wave (b) extended slightly to the lowerside but is yet to reach our target 0.4479. Today and possibly earlier the next week, we expect this correction to extend to the lowerside, but should not go beyond 0.4478 where we’ll be looking to buy the last impulsive wave (c) and should break above 0.5414 but should not go beyond 0.9245. If you’re not long yet, you could wait for a rebound from 0.4478, to pick a long position. We may only consider a sell position should the price break below 0.4340.
We’re long from 0.4478
101% Double the volume
You may check other analytical reviews on FreshForex website. Source: freshforex.com.