Wave Anaysis:
During the previous trading day, euro pulled back to the upperside but is still very much bearish both on the daily and the weekly charts. As long as the price is still contained below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the continuation of the impulsive wave (c) to the lowerside and should break below 1.09620 towards 1.06220. The idea is to wait for a retracement to pick a low risk buy.
Trade Recommendations:
We’re short towards 1.06220.
Origin: FreshForex
