Wave Analysis
During the previous trading day, euro continued to loose value against the US Dollar but is still several pips above the weekly support level 1.14595-1.14067. As long as the price remains above this zone, it remains a good buy place for long term buyers. The idea is not to buy this pair now, but to wait for a decline towards it, then pick a low risk long position with an ideal target at 1.24450. If you’re not in any position right now, you can stay on the sidelines and wait for a rebound from 1.14595 to pick a long position.
Trade Recommendations:
On the sidelines
Origin: FreshForex
