Wave Analysis
Yesterday, Euro rose massively to the upperside but could not go beyond the level 1.18850. As long as the price remains below this level, we are expecting a possible correction towards 23.6% fib level, and should the price breakout below this fib level, then we will be expect further correction to the lowerside and should break below 38.2% fib level, it should not go beyond 50.0% fib level. This view can only be invalidated in case the price breaks and closes above 1.18850, if this is the case, then a move much higher is expected.
Trade Recommendations:
Expect further bearish correction towards 1.18410.
Origin: FreshForex
