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

forex_news_11Wave Analysis

After bouncing from the weekly supportive zone 1.14595-1.16067, Euro has been in a constant up trend and is still pretty much bullish both on the daily and the weekly charts, as we mentioned previously, while the price is contained above this zone, we expect a possible momentum to the upper side. Ideally, we expect the rebound from this support zone to have marked the end of the corrective three wave cycle, that the current movements to the upper side is the unfolding of an impulsive wave to the upper side, but should not go beyond 1.24350.

Trade Recommendations:

We’re long towards 1.24350.

We're long towards 1.24350.

Origin: FreshForex

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