EUR/USD forecast: Euro pulled back to the lower side

news_22_feb_4_euro_usdWave Analysis

Yesterday, Euro pulled back to the lower side and is currently showing signs of a possible continuation to the lower side, while the price is held below the Alligator indicator attached, I expect further momentum to the lower side, the anticipated bearish price rally is the continuation of the corrective three wave cycle and could see price break below 1.09870 towards 1.08880. This view can only be invalidated in case the price breaks above 1.11520, if this is the case, then further momentum much higher is expected.

Trade Recommendations:

Expect further momentum to the lower side.

Expect further momentum to the lowerside.

Origin: FreshForex

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