Wave Analysis
Earlier today, Euro broke below the supportive trend line and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the lower trend line, we are expecting a possible momentum towards 1.11958. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 1.11958 towards 1.11830. As it is now, only sell positions looks ideal and can safely be recommended with an ultimate target around 1.11830.
Trade Recommendations:
Remain short towards 1.11958.
Origin: FreshForex
