Wave Analysis:
Perfectly as we forecasted during the previous week, Euro traded intensely to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.15398 and also within the falling wedge formation we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (3) to the lowerside and should break below 1.12042, if this is the case, then we’l expect further momentum even lower with the next ideal target being 1.040.
Trade Recommendations:
Remain short with your an ultimate take profit at 1.040.
Origin: FreshForex
