Wave Analysis
Yesterday, we continued short with the impulsive wave (5) and (c) and even went below 1.1020. This level is a 30 minutes support level and as long as the price is contained below it, we expect further momentum to the lowerside and should break below 1.1000 towards 1.0100 or even lower. If you are looking at this chart at the moment, we recommend waiting for a retracement towards 1.1020 to pick a low risk sell order towards 1.1000. This view can only be invalidated in case the price breaks and closes above 1.1020, if this is the case, then a momentum to the upperside is expected.
Trade Recommendations:
Waiting to sell euro from 1.1020.
Origin: FreshForex
