Wave Analysis
Since September 2018, Euro has remained confined within the falling, yet contracting wedge formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves (5) and 5 and could breakout below the previous week’s lowest low towards 1.09 or even lower. The next best place to look for a sell from is around the upper trendline.
Trade Recommendations:
Pick a sell upon a bounce from the upper trendline.
Origin: FreshForex
