EUR/USD forecast: Euro continues to rally within the range

eu-l15Wave Analysis

Euro continues to rally within the range, not going above or below the supportive trendline. On this chart, we are expecting a possible momentum to the upperside and may possibly breakout above the upper trendline towards 1.3021 or even higher. If the price breaks and closes below the supportive trendline, then further momentum to the lowerside is expected with an ultimate target set around 1.16695. On its way downwards, the key levels to look for include 1.17430 and 1.17185.

Trade Recommendations:

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EURUSD within a range

Origin: FreshForex

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