Wave Analysis
After a massive retracement to the upper side, Euro failed to sustain its attempt to close above the level 1.1074. As long as the price does not go above 1.174, we’re waiting for a possible bounce from this level to pick a long term sell order with an ultimate target at 1.0990. On its way to the lowerside, the key support levels can be seen around 1.1050, 1.1020 and 1.1005. A break below 1.0990 will mean we are continuing to the lowerside with an ultimate around 1.0885. A break and a close above 1.1074 will mean we are heading to the upperside with an ultimate target at 1.1170.
Trade Recommendations:
Sell Euro with your take profit at 1.1005.
Origin: FreshForex
