Wave Analysis
The previous day’s candle was a possible sell candle. As long as the price remainsa below both the level 1.14725 and also below the resistance trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 1.10970 towards 1.04956. A clear breakout above 1.15304 will push the price to the upperside. As it is at the moment, we’re only looking for sell orders.
Trade Recommendations:
Sell euro from 1.13203 towards 1.04956.
Origin: FreshForex
