EUR/USD Forecast: expect nothing but a possible momentum to the lower side

forex-news-euro_3Wave Analysis

During the previous trading week, instead of rallying to the lowerside, Euro pulled back to the upperside but failed to breakout above both the resistance cloud formation and the level 1.14189. 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 (c) to the lowerside and should breakout below 1.11840 towards 1.10790 or even towards 1.050 or even lower.

Trade Recommendations:

Look for a sell from within the zone 1.14189-1.13761.

Look for a sell from within the zone 1.14189-1.13761.

Origin: FreshForex

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