Wave Analysis
Just as previously anticipated, Euro closed as a perfect bearish pin bar candle. As we mentioned, while the price is contained below the upper trend line and also below the previous week’s lowest low, we expect a possible momentum to the lower side and should break below 1.10000 towards 1.09330. According to the current time frame, buy orders on this pair looks very risky and may not be recommended. But should the price break beyond the upper trend line, then this may be a good place to consider buy.
Trade Recommendations:
Sell Eur towards 1.09330.
Origin: FreshForex
