Wave Analysis
Perfectly as previously forecasted, euro rose towards our target along the upper trendline but could not breakout higher. The fact that the price could not breakout above the upper trendline is a possible sign that the sellers are somehow in control. As long as the price does not break above the resistance trendline, I’, waiting for a clear rebound sign to pick a long term sell order. But in case the price breaks and close above the same trendline, then this will give us the best chance to pick a long term buy order.
Trade Recommendations:
wait for a bounce from the upper trendline to pick a sell.
Origin: FreshForex
