EUR/USD Forecast: price remains above 1.12471

eurWave Analysis

Euro is still pulling back upwards perfectly as previously forecasted. As we mentioned in our previous forecasts. As long as the price remains above 1.12471, we’re waiting for a clear sign that the corrective wave (b) to buy the last impulsive wave (c) to the upperside with an ideal take profit at 1.17600 and the next at 1.22033. This view will only be invalidated in case the price successfully closes below 1.12471, if this is the case, then a steep decline towards 1.07330 or even lower is expected.

Trade Recommendations:

We’re long towards the immediate trendline.

We're long towards the immediate trendline.

Origin: FreshForex

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