Wave Analysis
Eur has been in an active up trend. As long as the price remains above the Envelopes trend indicator, I expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) and v and should break above 1.12550 towards 1.13564. This view can only be invalidate in case the price breaks below the same Envelopes, if this is the case, then further momentum to the lower side is expected towards 1.11150 and could breakout much lower.
Trade Recommendations:
Remain Long
Origin: FreshForex
