Wave Analysis
Perfectly as previously forecasted, euro has been trading with an increasing bullish momentum and is still pretty much bullish both on the daily and the weekly charts. As we forecasted previously, as long as the price remains above the supportive zone 1.1607-1.1460, we expect a possible momentum to the upper side. The idea is to buy euro on a slight correction towards 1.1607 to pick a buy position at the least risk position. Sell positions can only be recommended in case the price breaks below 1.1607, and even better if the price can break below 1.1460.
Trade Recommendations:
We’re still long
Origin: FreshForex
