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

eurWave Analysis

Euro pulled back to the upperside but is currently below a key resistance level 1.1305. While the price is contained below this level, we expect nothing but a possible momentum to the lowerside, the ideal is to wait for the current correction to the upperside to continue towards 1.1305 where we’ll expect a bounce to pick a sell towards 1.1125. In case the price breaks above this level then further move even higher is expected with the next ideal target being 1.1348. The best places to sell from include 1.1305 and 1.1348.

Trade Recommendations:

We’re looking for a sell from 1.1305.

Origin: FreshForex

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