Wave Analysis
Yesterday, we expect euro to continue to the lowerside, but as it looks on the daily chart above, euro pulled back upwards but is still below the daily resistance level 1.1528. As we mentioned, during the previous trading day, as long as the price remains below 1.1528, we expect nothing but a possible momentum to the lowerside. Any clear break below 1.1216 will mean we’re continuing short with both the impulsive waves v and (5) and may head below 1.10, if a break below 1.1216 is seen, then a momentum towards 1.01 is expected.
Trade Recommendations:
Resell Euro from 1.1526 with your first take profit at 1.1218.
Origin: FreshForex
