Wait for a clear break above 0.8348 | 08 May 2018

Wave Analysis

For a third time in a span of less than two weeks, the price has broken below the four hour support level 0.8348 but has just pulled back to the some level. We're waiting for the price to clearly break above this level to pick a low risk buy position with an ultimate target at 1.0557. However, should the price remain below 0.8348, then we expect a possible momentum towards 0.7050, and in case this target is broken, then the price will continue further to the lower side with the next target at 0.5252.

Trade Recommendations:

Wait for a break above 0.8348 towards 1.0557