Wave Analysis
On 23rd June, Euro bounced off from the upper trend line, and is currently heading to the lower side, as long as the price remains below the upper trend line, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lower side and should break below 1.11665 towards 1.11095. This view will only be invalidated in case the price breaks and closes above the upper trend line, if this is the case, then further momentum upwards may be expected.
Trade Recommendations:
Remain short towards 1.10905.
Origin: FreshForex
