Wave Analysis
During the previous trading day, the impulsive wave (iii) continued perfectly to the upper side but could not breakout above 1.10393. We expect the earlier today’s bounce from 1.10185 to have marked an end to the corrective wave (iv), that the current bullish price rally is the continuation of the impulsive wave (v) to the upper side but should not go beyond 1.20 by the end of this week, overall, this pair should continue to the lowerside according to the monthly chart, therefore, any sell signal may attract a good sell.
Trade Recommendations:
Buy euro from 1.10345 with your take profit at 1.1523.
Origin: FreshForex
