We expect minor support at 1.5411 will be able to protect the downside for a break above 1.5600 confirming a rally to 1.5816 to complete the correction in wave (ii) and set the stage for the next impulsive decline in wave (iii) towards 1.4490.
Trading recommednation:
Sell near 1.5816 and place your stop order at 1.5870.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
No change in view here.
We expect minor support at 1.5411 will be able to protect the downside for a break above 1.5600 confirming a rally to 1.5816 to complete the correction in wave (ii) and set the stage for the next impulsive decline in wave (iii) towards 1.4490.
Trading recommednation:
Sell near 1.5816 and place your stop order at 1.5870.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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