Wave Analysis
During the previous trading day, euro traded massively to the upper side and is still pretty much bullish both on the daily and the weekly chart. The previous day’s candle was a perfect bullish pin bar candle and as long as the price remains above the zone 1.1502-1.1455, we expect a a rally to the upper side. The anticipated bullish price rally is the unfolding of an impulsive five wave cycle and should first break above 1.1960 before a move towards 1.2444 is seen. On the daily chart, we only recommend looking for long positions.
Trade Recommendations:
We’re long towards 1.2444.
Origin: FreshForex
