Wave Analysis
During the previous trading day, euro continued to pullback to the upperside but is still below the resistance trendline and also below 1.35262. What we said previously still holds, as long as the price remains below these two lines, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should first break below 1.11800 towards 1.04826. If you’re not in a sell position already, you can still look for sell orders especially if the price can rise towards 1.35262.
Trade Signal.
Sell euro from 1.35262 with your take profit at 1.04626.
Origin: FreshForex
