Wave Analysis
Earlier today, Euro spiked upwards and is still very much bullish both on the lesser and the higher time frames. As we mentioned during the previous trading day, as long as the price remains above 1.1455, we expect a possible momentum to the upperside. We’re actually waiting for a possible retracement to pick a long term long position with an ultimate target at 1.25200. And on the other side, should the price break below 1.1400, then this will be a good place to look for a long term short position towards 1.0508.
Trade Recommendations:
We’re long.
Origin: FreshForex
