EUR/USD forecast: Euro continued to the upper side

news_22_feb_4_euro_usdWave Analysis

Yesterday, Euro continued to the upper side but could not break above 1.08718, we expect yesterday’s bounce from 1.08718 to have marked and end to the correction of both the impulsive waves (v) and (5) and hence the continuation of both the impulsive waves. On this chart, we expect further momentum to the lower side especially if the price can break below 1.07775, if this is the case, then further momentum to the lower side is expected with an ultimate target around 1.0645 and could breakout much lower.

Trade Recommendations:

Sell a break below 1.07775.

Sell a break below 1.07775.

Origin: FreshForex

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