EUR/USD forecast: Euro established a support around 1.0980

news_22_feb_dollar_usdWave Analysis

During the last trading day, Euro established a support around 1.0980 and could not close any lower. After a bounce from this level, euro rallied to the upper side but is currently approaching a key resistance level 1.1030. We’re expecting a possible breakout above this level to confirm that we’re continuing to the upperside with an ultimate target at 1.1090. And on the flip side, should the price rally to the lowerside, then only a breakout below the Friday’s lowest low will mean we’re continuing to the lowerside.

Trade Recommendations:

Buy Euro towards 1.1090.

Buy Euro towards 1.1090.

Origin: FreshForex

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