Wave Analysis
During the previous few weeks, euro attempted a break below the supportive zone 1.16055-1.14359 but ended up again above it. As long as the price remains above this zone, we expect nothing but a possible momentum to the upside. The anticipated bullish price rally is the unfolding of a corrective three wave cycle and should break above 1.23400. If you’re not along already, you could wait for a correction to the lower side then pick a low risk buy position within this zone and have your target at 1.24680. A sell position can only be recommended below 1.14.
Trade REcommendations:
we’re looking for a long position now.
Origin: FreshForex
