Wave Analysis:
We’re continuing to look for a new strength to the lower side. Our previous expectations that the price could drop to the lowerside failed when the price corrected itself upwards but we’re still within our sell zone. The Friday’s daily candle is a possible bullish continuation candle and could push the price upwards but should not go beyond the end of the corrective wave (b) where we’ll be looking to resell the impulsive wave (c) with our first target still set at 1.1682 and the next target at 1.1120. This pair should be traded alongside EURAUD, EURNZD, EURCHF and EURHKD. These pairs have a strong positive correlation and will move in the same dircetion.
Trade Recommendations:
Flat
Origin: FreshForex
