Wave Analysis
During the previous trading day, Euro continued massively to the lower side and is still pretty much bearish. As long as the price remains below the previous day’s lowest low, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 1.09010 towards 1.080 or even lower. This view can only be rendered futile ion case the price goes above 1.09625, if this is the case, then a move to the upper side is expected.
Trade Recommendations:
Remain short
Origin: FreshForex
