Wave Analysis
Euro is currently bouncing off from the monthly support line 1.12471. And is still above this level, as long as the price is above 1.12471, we expect a possible momentum to the upper side. So far, we’re holding onto a buy we took previously, we’re expecting price to continue even higher with our target being 1.22033. Should price close below 1.12471, then we’ll expect a possible momentum to the lowerside towards 1.07330. Our recommendations here is that the price should continue upwards in the long run.
Trade Recommendations:
We’re looking for a buy order.
Origin: FreshForex
