Wave Analysis
During the previous trading day, Euro pulled back upwards and is currently slightly above last week’s closing price. We expect this upward rally to be a mere correction and should not go beyond the opening of the previous week’s candle. If you’re not already in a short position, then you could wait for a bounce from 1.13869 to pick a short position. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should go beyond 1.06410, you could have a pending sell limit from 1.13869.
Trade Recommendations:
We’re short from 1.13869.
Origin: FreshForex
