Wave Analysis
Euro went below the monthly support 1.12230 and is still pretty much below this level. The close below 1.12230 is a possible sign that we’re short, but instead of looking for a sell positions, we’re waiting for a possible corrections even higher to pick low risk sell orders with our targets at 1.07330. On the flip side, should the price close above 1.12230 by the end of this month, then we’ll be looking for low risk buy orders towards the upper trendline. Conservative traders needs to wait for clear sell signals below 1.12230.
Trade Recommendations:
Wait
Origin: FreshForex
