Wave Analysis
During the previous trading day, euro bounced off from the level 1.099 and is currently heading to the upperside, we expect the bounce from this level to mark an end to both the impulsive waves (5) and (c), that the current bullish price rally is the continuation of a corrective three wave cycle and could see price rise as high as 1.01075. As it is on this chart, conservative traders should wait for pullback towards 1.1015 to pick low risk buy orders or, a bounce from around 1.1074 to pick a low risk sell order.
Trade Recommendations:
Only buy EURUSD from 1.1015, or wait and sell a bounce from 1.1074.
Origin: FreshForex
