EUR/USD Forecast: expect nothing but a possible momentum to the lower side

usd_eur_news_1Wave Analysis

During the previous trading day, our stops were taken out when the price went below the lower supportive trendline. As long as the price continues to sustain the break below this trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of an impulsive wave count and should break below 1.0940 towards 1.0915. And on the flip side, should the price break above the same trendline, then we’ll expect a possible momentum towards the upper trendline or 1.1005.

Trade Recommendations:

Waiting for a low risk sell.

Waiting for a low risk sell.

Origin: FreshForex

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