Wave Analysis
During the previous trading day, Euro rose tremendously and is currently trading above the previous day’s highest high. As long as the price remains above 1.0990, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of both the impulsive waves (v) and (c) and should continue even higher towards 1.1210 or even higher. This view can only be invalidated in case the price corrects itself to the lowerside and breaks below the supportive trendline, if this is the case, then a move to the lowerside is expected.
Trade Recommendations:
We’re holding onto a buy position with our target at 1.1254.
Origin: FreshForex
