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

eur_usdWave Analysis

Eurusd is currently correcting itself to the upperside within a rising wedge formation. As long as the price remains within this wedge formation, we expect nothing but a possible momentum to the upperside but should not go beyond 1.12310. And on the flip side, should price breakout below the lower supportive trend line, then well wait for another breakout below 1.11990, to confirm that we’re downwards with an ultimate target at 1.10 or even lower. The idea is to remain flat for now and only sell a breakout below 1.11990.

Trade Recommendations:

Flat

Origin: FreshForex

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