Wave Analysis:
Euro has not moved an inch towards our previously forecasted direction. This pair however is still short and as long as the price remains below the level 1.1450, we expect nothing but a steep decline towards 1.0580. The anticipated bearish price rally is the continuation of the impulsive wave v to the lower side and should first break below the immediate trend line before a move further lower is seen towards 1.0435. According to the current chart set up, only sell positions still looks more ideal and can be recommended.
Trade Recommendations:
Resell Euro from 1.1450 with your take profit at 1.0435.
Origin: FreshForex
