EUR/USD forecast: long as the price remains below this zone

a-3Wave Analysis

During the previous trading day, instead of continuing upwards towards 1.14030-1.13902. As long as the price remains below this zone, we are looking for a possible momentum to the lower side and should go break below 1.12415 towards 1.11800. And should the price break and close above 1.14030 then this will be a good place to consider a possible long term buy position towards 1.15145 or even higher. As it is now, look for low risk sell positions with an ideal target mentioned above 1.11390.

Trade Recommendations:

Remain short towards 1.11800.

Remain short towards 1.11800.

Origin: FreshForex

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