Wave Analysis
On the hourly chart above, Euro is currently rallying within a triangular formation. As long as the price remains within this triangular formation, we’re looking for sell towards the level 1.10203. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 1.10203. If the price can break below this level, then further movements to the lowerside is expected towards 1.09350. This view can only be invalidated in case the price breaks above the upper trendline.
Trade Recommendations:
Sell Euro towards 1.10203.
Origin: FreshForex
