Remain flat | 19 March 2018

Wave Analysis:

During the previous week, the corrective wave (2) stretched to the lower side and even went below the daily support level 0.6815 and is still pretty much below it. This is a bearish dominance sign but we're waiting for a clear sign that the price will continue to the lowerside. However, in case the price break above 0.6815, then this will be the continuation of the impulsive wave (3) to the upperside and should break above 3.2898 towards 4.3265. As long as the price remains below 0.6815, we expect the price to continue downwards.

Trade Recommendation:

Remain flat