Wave Analysis
Euro is currently above a key zone 1.1460-1619. This is a key zone and as long as the price remains above this zone, we expect a possible momentum to the upper side. The anticipated bearish price rally is the unfolding of another impulsive wave count and should break above 1.2460 but should not go higher than 1.3395. You could look for a long position from 1.1659 and have you take profit at 1.2460 and the next at 1.3395. According to he weekly chart above, a sell position can only be recommended below 1.1460.
Trade Recommendation:
We’re long from 1.1619.
Origin: FreshForex
