Wave Analysis
Euro is currently bouncing off of the previous week’s lowest close on the 4 hour charts. This is a good place to look for a long term buy order, as it is, we recommend looking for long term buy orders with an ideal target at 1.12465, a break above this level will push the price even higher towards 1.12760. On the flip side, should the price break below 1.12105, then we’ll wait for a break below the previous week’s lowest low to pick a long term sell order with an ultimate target at 1.1021.
Trade Recommendations:
Waiting for a good buy in case of a bounce from 1.12105-1.12079 towards 1.12465.
Origin: FreshForex
