The impulsive wave (5) barely bounced from the 4 hour support level 0.25359 and is still pretty much above this level. As long as this level remains intact, we expect a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of a corrective wave count an should break above 0.35120 but should not go higher than 0.43280. However, should the price proceed to rise beyond 0.43280, then further bullish price rally is expect with an ultimate target being 0.55400. A sell position can only be recommended below 0.25359.
We’ll only go short in case of a clear break below 0.25359
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