EUR/USD Forecast: the price remains above this zone

eurWave 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

On the sidelines

Origin: FreshForex

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