Wave Analysis:
Euro is still being contained above the monthly support level 1.12471. Our previous week’s recommendation still holds true, we’re still waiting for a bounce from 1.12471 to pick a buy order. If you bought this pair previously and is still having this position open, you can still rebuy this pair for the second time. And should price break and close below 1.12471, then this will be an ideal place to look for a low risk sell orders towards 1.07330, On the bullish side, should price break above 1.22033, then we’ll be looking for a long term buy.
Trade Recommendations:
Wait for a low risk buy order around 1.12471.
Origin: FreshForex
