Wave Analysis
During the previous trading day, Euro rose significantly to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above 1.09590, we expect nothing but a possible momentum, to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above the previous day’s highest high towards 1.10210. This view can only be invalidated in case the price fails to break above the previous day’s highest high, or if the price breaks below 1.09590.
Trade Recommendations:
Waiting for a possibly buy order from 1.09590.
Origin: FreshForex
