Wave Analysis
On Friday last week, Euro rallied to the lowerside and even went below Thursdays lowest low. Following this break, we expect further momentum to the lowerside. The anticipated bearish price rally is a possible correction to the lowerside and should break below 1.1000. This view remains true as long as the price remains below 1.1065-1.1069. And should the price rally to the upper side, then only a break above 1.1069 will mean we are continuing to the upper side with the next ideal take profit at 1.1110.
Trade Recommendations:
Sell euro towards 1.1000.
Origin: FreshForex
