Wave Analysis
Euro is still rallying below 1.13478. As long as the price remains below this level, we recommend looking for long term sell orders with an ultimate target at 1.11225. On its way to the lowerside, the key levels to look for include 1.12500, 1.11990 and 1.11225. A breakout below this level will push the price even lower with the next ideal target being 1.109. On the bulls side, only a clear breakout above 1.14379 may excite buyers and could push the price further to the upperside towards 1.15560 or even higher.
Trade Recommendations:
We’re still sellers towards 1.11225.
Origin: FreshForex
