Wave Analysis
During the previous trading day, euro pulled back slightly to the upper side and is still above 1.15682. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of an impulsive wave count and should break above 1.18160 but should not go beyond 1.22320. This view can only be invalidated in case the price breaks below 1.15682. If this is the case, then we’ll wait for a pullback to the just broken level to pick a long terms short position towards 1.070
Trade Recommendations:
we’re long above 1.15682
Origin: FreshForex
