Wave Analysis:
After bouncing from the weekly supportive zone 1.1469-1.1602, Euro rallied to the upperside and is still pretty much bullish both on the monthly and the weekly charts. As long as the price is kept above 1.1602-1.1469, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of the impulsive wave (c) to the upperside and should break above 1.2270 towards 1.2520 or even higher. A sell position can be recommended only in case the price proceeds below 1.1469.
Trade Recommendation:
We’re long towards 1.2270
Origin: FreshForex
