Wave summary:
The complex correction in wave (iv) continues to unfold in a very slow fashion. We are still looking for the possibility of a deeper corrective decline closer to 119.23. Since it is a wave four correction and we had a good idea that it would turn out to be complex from the onset of this wave, so no real surprise here.Resistance is seen at 123.33, but only a break above 123.85 will indicate that this wave (iv) correction already has completed and wave (v) higher to 126.54 is developing.
Trading recommendation:
We are looking for a buying opportunity at 119.45 or upon a break above 123.85.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2i8XLbA
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