Wave Analysis
During the previous trading day, Euro rallied to the lowerside and is now below the supportive trendline. As long as the price remains below the supportive trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.16150 towards 1.13753. A break below this level will push the price much lower towards 1.09170. A break above 1.182302 may push the price much higher.
Trade Recommendations:
Look for sell positions towards 1.13753.
Origin: FreshForex
