Wave Analysis
After establishing a swing high around 1.18200. Euro rallied to the lowerside but could not go below 1.16249. As it is now, we are expecting a possible breakout below this level to push the price further to the lowerside with an ultimate target set around 1.14535. And on the flipside, should the price breakout above the swing high, then further momentum to the upperside will be expected towards 1.19590. A breakout above this level will push the price much higher with an ultimate target at 1.20100.
Trade Recommendations:
Look for sell positions towards 1.16249.
Origin: FreshForex
