Wave Analysis
Euro is currently trading within a range not going above the upper trendline or below the supportive trend line. As long as the price remains within this wedge formation, we are waiting for a possible bounce from the upper trendline to pick a sell with an ideal take profit at 1.09075. If the price goes below this level, then further momentum to the lowerside is expected with an ultimate target around 1.08425. A break and a close above the upper trendline will mean we are looking for a possible buy order.
Trade Recommendations:
Sell Euro with an ideal take profit at 1.09075.
Origin: FreshForex
