EUR/USD Forecast: expect a possible rally to the upper side

news_22_feb_1_euro_usdWave Analysis

During the previous trading day, euro pulled back slightly to the lower side but is still pretty much bullish on the weekly charts. As we said previously, as long as the price remains above the zone 1.1502-1.1455, we expect a possible rally to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave count but should not break above 1.2444. If you’re not already in a long position, you could wait for a slight pullback to the lower side to pick a low risk long position, but have your first take profit at 1.2000, and the next target at 1.2444.

Trade Recommendations:

We’re still long towards 1.2444

Origin: FreshForex

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