Now A decent corrections expected of about 100-140 pips from 1.1216 to 1.1240 levels.
We will look to place first corrective leg at 1.1216 or near in wave A and will look for deep declines to 1.1060 or near in wave B
Our targets after corrections lies in th shape of wave C at 1.1360
Remember Our target still 1.03 a new low is pending and this up move is just delaying our that view so lets go step by step. We will look for sharp reverse from 1.14-1.15 and target 1.03 in furture.
Trading recommendations :
Stay neutral and let nfp to pass over and let corrections to be complete and then we will look for long for target 1.1360