Wave Analysis
After bouncing off from the 1.1235, euro rallied to the lower side and is still very much bearish both on the daily and on the weekly charts, we expect the bounce from around 1.1236 to have marked an end to the corrective wave (4) that the current bearish price rally is the continuation of the impulsive wave (5) to the lowerside and could break below the recent lowest low 1.0881 towards 1.072 or even much lower. This view will only be invalidated in case the price breaks above 1.1235.
Trade Recommendations:
Sell euro with your take profit at 1.0881.
Origin: FreshForex
