Wave Analysis
Euro continues to move to the upper side perfectly in line with Friday’s forecast, while the price is contained above the two simple moving averages above, I expect nothing but a possible momentum to the upper side towards 1.18900. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side towards 1.20 and could breakout much higher. A break and close below 1.16640, will mean we are continuing to the lower side with an ideal target set around 1.13040.
Trade Recommendations:
Remain long
Origin: FreshForex
