Wave Analysis
During the previous trading day, euro declined steeply and even hit the supportive trendline. Following the bounce from this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the corrective three wave cycle and should extend even higher. And on the flip-side, should the price break below 1.1110, then this will be an ideal place to look for a long term sell order towards the weekly support level seen at 1.051 or even lower.
Trade Recommendations:
We’re upwards.
Origin: FreshForex
