Wave Analysis
Euro recently descended below a daily level 1.1512. Following this move, both the impulsive waves (v) and (c), stretched further to the lower side and are still showing signs that the bears are still in full control, we expect the current upward rally being seen to be a mere correction of both the impulsive waves (c) and (v), and should not break above 1.1512 where we’ll be looking for another sell position.
Trade Recommendation
Remain short
Origin: FreshForex
