EUR/USD forecast: Euro rallied intensely to the lower side

eur-usdWave Analysis

Euro rallied intensely to the lowerside and even went below the supportive trendline. As long as the price is contained below the supportive trendline, we expect a possible continuation of the impulsive wave (c) to the lower side and should break below 1.1010 towards 1.0890. This view will only be rendered futile in case the price breaks above the same trendline to the upperside, if this is the case, then we expect further momentum to the upperside with the first target at 1.1170.

Trade Recommendations:

Sell Euro towards 1.1010.

Origin: FreshForex

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