Wave Analysis
Although Euro is currently in an active up trend. This pair should continue to the lowerside ultimately. As long as the price remains within the falling channel formation attached above, we expecting further momentum top the lowerside. The anticipated bearish formation if the continuation of an impulsive wave count and should break below the previous day’s lowest low towards 1.09226. The idea is to wait for a sell upon a bouncing off from the upper trendline towards 1.09226. If this level is broken, then further momentum to the lowerside is expected.
Trade Recommendations:
Look for sell positions upon a bounce from the upper trendline.
Origin: FreshForex
