EUR/USD forecast: currently heading to the upper side

news_22_feb_dollar_usdWave Analysis

After the impulsive wave (v) and (5) bounced off from the level 1.07775 and is currently heading to the upper side, w expect the current bullish price rally to be the unfolding of a corrective wave count and could see the price break above 1.08780. A break above this level will push the price to the upper side and should break above 1.0915 towards 1.09785. This view can only be invalidated in case the price breaks and closes below 1.07775, if this is the case, then further momentum to the lower side is expected.

Trade Recommendations:


Origin: FreshForex

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