Wave Analysis:
As expected, Euro retraced slightly to the lowerside but is still showing signs of possible momentum to the upperside. As long as the price remains above 1.06800, we expect a possible bullish price rally towards 1.0865. This upward rally is highly anticipated since the previous day’s candle is a perfect bullish inside bar and will likley push the price further to the upperside. Expect a similar wave count in GBPUSD, AUDUSD, and NZDUSD. These pairs will have a similar price action during this intraday. Only buy or sell Euro if the other pairs are giving the same signal.
Trade Recommendations:
Expect a possible bullish price movements towards 1.086
Origin: FreshForex
