Wave Analysis
Euro is currently trading with an increasing bearish bias momentum. Currently, the price is below the two simple moving averages and also below the upper trendline. As long as the price remains below these two, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.11455 towards 1.10 or even lower. As it is, on the 30 minutes chart, we recommend looking for sell orders.
Trade Recommendations:
We’re sellers.
Origin: FreshForex
