Wave Analysis
After an attempt decline below the supportive zone 1.14719-1.16055, Euro pulled back upwards and is now above the same zone. As we said during the previous trading day, as long as the price remains above this zone, we expect a possible ascend towards 1.25830 and could breakout even higher. However, on the contrary, should the price break below 1.16055, then we’ll expect a possible momentum to the lowerside with an ultimate target at 1.0477. A break below this level may push the price further to the lowerside.
Trade Recommendation
we’re long
Origin: FreshForex
