Wave summary:
No change in view here.
We are still looking for more correction in wave [ii] closer to 1.4964 before the next impulse rally set in for a move towards 1.5836 and above.
In the short term, we should allow for more sideways trading before the possible corrective decline closer to 1.4964. However, a direct rally above 1.5235 will indicate continuation higher towards 1.5836.
Trading recommendation:
We are looking for a buying opportunity at 1.4925 or upon a direct break above 1.5235.
The material has been provided by InstaForex Company - www.instaforex.com