EUR/USD Forecast: expect a possible spike to the lower side

eurWave Analysis

Nothing much happening on this pair. Euro is still below the resistance trendline and also below the level 1.35262. As long as the price remains below these two, we expect a possible spike to the lowerside. The most likely scenario is that this pair could rally upwards and bounce from the trendline before heading to the lowerside. The anticipated bearish price rally is the continuation of the long term impulsive wave (v) and should break below 1.09580 towards 1.04526. You can still look for short positions now.

Trade Recommendation

A good sell from 1.35262 towards 1.04826.

Origin: FreshForex

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