Wave Analysis
During the previous trading day, euro pulled back upwards but is still below 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 lower side. According to the daily chart above, we expect a stretch to the upperside towards 1.1528, where we’ll be looking for a long term sell towards 1.1218, and on the flip side should the price break above 1.1528, then this will be an ideal place to look for a long position towards 1.1775.
Trade Recommendations:
Buy Euro towards 1.1528.
Origin: FreshForex
