Wave Analysis
During the previous trading day, euro picked up a momentum to the upperside and is still pretty much above the weekly supportive zone 1.16067-1.14595.. As we mentioned during the previous trading day, as long as the price remains above this weekly support, we expect a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of an impulsive wave count and may break above 1.23270, but should not go beyond 1.24845. We’ll only consider short positions should price break below 1.14595.
Trade Recommendations:
We’re long
Origin: FreshForex
